19
Jan
11:10
Valin Steel expects profit slump in 2019
Valin Steel says that it anticipates that its financial performance in 2019 has worsened year-on-year and that profit has been badly affected, Kallanish notes.
The steelmaker is anticipating the generation of total profits of CNY 7.4-8.2 billion ($1.08-1.2 billion) for 2019, representing a fall of -12.2% to -20.7% year-on-year. Net attributable profit meanwhile is estimated to have decreased by -32.1 to 38.0% y-o-y to CNY 4.2-4.6 billion.
The steel…
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Anonymous
Very good overview of the weekly steel market.
Anonymous