Fushun Special Steel expects net profit to fall by 68.09-78.3% in 2022
Time:Fri, 03 Feb 2023 06:48:51 +0800
keywords :
Liaoning Province-based Chinese steelmaker Fushun Special Steel (Special Steel) has said that it expects its net profit in 2022 to total RMB 170-250 million ($25.3-37.2 million), down 68.09-78.3 percent year on year.
According to the company, the purchase prices of raw materials, including nickel, cobalt and molybdenum, rose strongly in 2022, which exerted a negative impact on its financial performance in the given year.
