31
Jan
05:43
Valin hikes profits as production increases
Hunan Valin Iron & Steel reported to the Shenzhen Stock Exchange (SZSE) on 30 January that it expects its profit to have increased in 2018. Valin says that the main reason for the increase in profits is the record high production of iron, crude steel and finished steel, Kallanish notes.
According to the report to SZSE, the total profits of the company's listed arm in 2018 are estimated to have reached CNY 9.2-9.5 billion ($1.37-1.42 billio…
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Very good overview of the weekly steel market.
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