Fujian Province-based Chinese steelmaker Fujian Sangang Minguang Co., Ltd (Sangang Minguang) has issued an updated performance forecast for the first half of the current year, stating that it expects to register a net profit of RMB 2.889-3.656 billion ($0.43-0.55 billion) for the given period, up 88.04-137.97 percent year on year, with the new prediction higher than the previous forecast of RMB 1.41557-1.95586 billion.