Fushun Special Steel expects rise of over 75% in net profit for 2020

Tuesday, 26 January 2021 12:36:11 (GMT+3)   |   Shanghai

Liaoning Province-based steelmaker Fushun Special Steel Co., Ltd has announced that its net profit for 2020 is expected to reach RMB 530-590 million ($82-91 million), up 75.48-95.34 percent year on year.

The company said it continuously increased investment in research and development, and constantly adjusted and improved its product structure, resulting in the rise in its net profit for the given year.

Fushun Special steel has an annual capacity of 1 million mt of crude steel. 

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