Jordan Steel Company reported earnings results for the second quarter of 2016. For the quarter, the company reported, profits declined to 98% to reach USD 12.79 million from USD 543.475 million in the same quarter last year. Additionally, the main cause of the drop was attributed to lower sales, which reached 755.25% to USD 7.45 million in second quarter of 2016. On the other hand, profits grew by 6.8% to USD 628.39 million, from USD 588.34 million in the same period last year.