Jiangxi Province-based Chinese steelmaker Fangda Special Steel Technology Co., Ltd. has announced its financial results for 2024. The company's operating revenue reached RMB 21.56 billion ($3.0 billion), reflecting an 18.67 percent decrease compared to the previous year. Net profit for the same period stood at RMB 248 million ($34.6 million), marking a significant drop of 64.02 percent year on year. In 2024, the company’s finished steel output totaled 4.2324 million metric tons.