Yongxing Special Steel expects RMB 46.4-56.7 million net profit for Q1

Zhejiang Province-based Chinese steelmaker Yongxing Special Stainless Steel Co. (Yongxing Special Steel) has announced that it expects to record a net profit in the range of RMB 46.4081-56.7210 million ($7.18-8.78 million) for the first quarter of the current year, compared to the net profit of RMB 51.5645 million recorded in the same period of 2015.