Is NanJing Iron & Steel Co Ltd Stock Halal?

Nanjing Iron & Steel Co., Ltd. engages in the production and sale of by-products from steel smelting, steel rolling and coking. The company is headquartered in Nanjing, Jiangsu and currently employs 13,917 full-time employees. The company went IPO on 2000-09-19. The firm operates two segments. The Steel General segment is engaged in the production of steel materials, among which special steel new materials mainly include special plates and special steel long products, which are widely used in oil and gas equipment, new energy, shipbuilding and offshore engineering industries, and advanced steel materials mainly include advanced manufacturing basic parts steel, high-tech shipbuilding and offshore engineering steel, advanced rail transportation steel, energy steel, and others. The Environmental segment is engaged in the design, construction, investment and operation management services of sewage treatment, water supply and solid/hazardous waste treatment facilities, as well as the application of advanced environmental protection technologies in the steel industry.