31
Jan
03:54
Hunan Valin returns to profit - and then some
China’s Hunan Valin, in common with many of its steelmaking peers in the country, has signalled a successful 2017, Kallanish notes.
The steelmaker estimates that its listed company’s net attributable profits for 2017 could reach CNY 4.0-4.2 billion ($631-663 million), returning it to profitability from a CNY 1.055 billion loss in 2016. The rapid growth in output of steel products and much-improved domestic steel prices are the main reasons behi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous