Xinyu Steel expects reduced net profit for 2015

Jiangxi Province-based Chinese steelmaker Xinyu Iron & Steel Co., Ltd (Xinyu Steel) has announced in its preliminary financial report for 2015 that it expects to see a 60-95 percent year-on-year decline in its net profit for the given year. The company had recorded a net profit of RMB 406.4294 million in 2014.