China’s Fushun Special Steel targets to produced 620,000-700,000mt special steel and 490,000-540,000mt steel in 2020, according to the company’s annual report for 2019. Fushun targets an operating income of CNY5.5-6.5bn and a net profit of CNY2.5 -3.5mn in the year 2020.
In 2019, Fushan’s special steel output declined by 9.38pc to 467,903mt from the previous year, steel sales were down by 10.3pc to 469,489mt from a year ago. The company’s net profit was down by 88.42pc to CNY30,203bn in 2019.
Fushun Special Steel manufactures alloy structure steel, Tool Steel, stainless steel and other products.