Zhejiang Province-based Chinese steelmaker Yongxing Special Stainless Steel Co. (Yongxing Special Steel) has announced it increased its expectation for net profit in 2017, increasing from the previous range of RMB 278.965-355.047 million ($42.3-$53.8 million), up 10.0-40.0 percent year on year, to the range of RMB 330-380 million ($50.0-$57.6 million), up 30-50 percent year on year.