Jiangxi Province-based Chinese steelmaker Fangda Special Steel Technology Co., Ltd (Fangda Special Steel) has announced that it expects to see a year-on-year rise of 210-260 percent in net profit for the first three quarters of the current year, increasing from a net profit of RMB 462.94 million in the same period last year.
The company stated that in the given period it benefitted from the good performance of the domestic finished steel market, while also improving its management.