Guangxi Zhuang Autonomous Region-based Chinese steelmaker Liuzhou Iron and Steel Co. (Liuzhou Steel) has announced that for 2018 it expects to see an increase of RMB 1.785-2.088 billion ($0.26-0.30 billion) in its net profit compared to 2017, representing a rise of 67.46-78.91 percent year on year.