Fushun Special Steel posts net profit of RMB 126 million for H1

Friday, 02 August 2019 11:05:15 (GMT+3)   |   Shanghai

Liaoning Province-based Chinese steelmaker Fushun Special Steel Co. (Fushun Special Steel), a subsidiary of Dongbei Special Steel Group, has stated that it has recorded a net profit of RMB 126 million ($18.3 million) for the first half of the current year, compared to a net loss of RMB 69.5414 million in the first half of 2018. In the given period, it registered an operating revenue of RMB 3.082 billion ($0.45 billion), up 3.95 percent year on year.

In the first half of this year, Fushun Special Steel produced 320,500 mt of crude steel and 256,100 mt of finished steel.

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