Liaoning Province-based Chinese steelmaker Fushun Special Steel Co.(Fushun Special Steel), a subsidiary of Dongbei Special Steel Group, has announced in its preliminary annual report that in 2015 its net profit increased by 3.0-3.5 times year on year, compared to the net profit of RMB 46.96 million recorded in 2014.
Fushun Special Steel stated that in the given year the company upgraded its products and received support from the country’s policies, which significantly improved its overall competitiveness and profitability.