Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) has announced that it expects to register a net profit of RMB 1.823 billion ($0.27 billion) for the January-June period of this year, compared to a net profit of RMB 300 million in the same period of last year.
The company stated that it implemented several measures to lower costs and improve its operating performance in the first half of this year.