Fushun Special Steel expects increased net profit for 2014

Liaoning Province-based Chinese steelmaker Fushun Special Steel Co., a subsidiary of Dongbei Special Steel Group, has issued its preliminary financial results for 2014, announcing that it expects to see a 80-120 percent year on year rise in net profit. In 2013, Fushun Special Steel recorded a net profit of RMB 23.19 million ($3.74 million).  The company stated that upgrades in technology and improvements in management contributed to the increase in net profit in 2014.