Guangdong Province-based Chinese steel rolling and processing company SGIS Songshan Co., an affiliate of Guangdong-based Shaoguan Iron and Steel Co. (Shaogang), has announced that it expects to register a net profit of RMB 3.26 billion($0.486 billion) for 2018, compared to the net profit of RMB 2.517 billion it recorded in 2017.