Sichuan Province-based Chinese steelmaker Pangang Group Steel Vanadium & Titanium Co. (Pangang Vanadium & Titanium) has announced that it expects to register a net profit of RMB 630-700 million ($95-106 million) for the January-September period of the current year, compared to a net loss of RMB 1.21442 billion in the same period last year.
The company stated that rising sales prices of vanadium and titanium and increasing sales volumes contributed to its increased profitability in the given period.