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 to post a net profit of RMB 1.59 billion ($0.2527 billion) for 2017, indicating a sharp rise compared to a net profit of RMB 781.2748 million in 2016.