Jiangxi Province-based Chinese steelmaker Fangda Special Steel Technology Co., Ltd (Fangda Special Steel) has issued its financial report for 2018, announcing an operating revenue of RMB 17.286 billion ($2.55 billion) for the given year, up 23.96 percent year on year, together with a net profit of RMB 2.927 billion ($0.43 billion), rising by 15.26 percent year on year.
In addition, Fangda Special Steel’s finished steel product output (including rebar, wire rod, spring flat steel and other products) amounted to 4.454 million mt, up 15.07 percent year on year.