16
Jul
03:32
Valin estimates falling profit in first half-year
Valin Iron & Steel recently announced its advanced operating report for the first half of 2019, with increasing operating revenue and falling profit, Kallanish notes.
The report anticipates operating revenue increased by 11.05-11.28% year-on-year to CNY 48.38-48.48 billion ($7.04-7.05 billion). The net attributable profit is estimated to fall by -20.67-23.02% y-o-y to CNY 3.28-3.38 billion. According to the second-quarter report, net…
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Anonymous
Very good overview of the weekly steel market.
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