Liaoning Province-based Chinese steelmaker Fushun Special Steel (Fushun Special Steel) has announced that it expects to post a net profit of RMB 215-240 million for the January-June period this year, up 36.83-52.74 percent year on year.
The company's main business is the development and manufacturing of special steel and alloy materials.
As previously stated by Fushun Special Steel, it plans to produce from 720,000 to 790,000 mt of crude steel and from 560,000 to 620,000 mt of finished steel in 2024.
The improvement in Fushun Special Steel’s operating results in the first six months was supported by high value-added capacity enhancement via continuous technological reform projects.