BRIEF-Xinjiang Ba Yi Iron and Steel raises 2016 net profit forecast

March 30 (Reuters) - Xinjiang Ba Yi Iron and Steel Co Ltd

* Says it revises 2016 net profit forecast to net profit of

about 36.0 million yuan ($5.22 million) from 20.0 million yuan

Source text in Chinese: http://bit.ly/2nlFPwN

Further company coverage:

($1 = 6.8926 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)