Sichuan Province-based Chinese steelmaker Pangang Group Steel Vanadium & Titanium Co. (Pangang Vanadium & Titanium) has announced that it expects to register a net profit of RMB 370-450 million ($54.4-66.2 million) for the January-June period of the current year, compared to a net loss of RMB 836.29 million ($123 million) in the same period last year.
The company stated that the rising selling prices of vanadium and titanium have contributed to its increased profitability.