Liaoning Province-based Chinese steelmaker Bengang Steel Plates Co. (Bengang Steel Plates), a listed subsidiary of Benxi Iron and Steel (Group) Co. (Bengang Group), has announced that it expects a net profit of RMB 1.334 billion ($0.21 billion) for the first nine months of the current year, up 132.16 percent year on year. In particular, the company expects to post a net profit of RMB 810 million ($124.6 million) for the third quarter, up 106.59 percent year on year.