02
Sep
08:16
Valin Steel’s net profit surges in first half
Hunan Valin Iron & Steel (Valin Steel) made a net profit of CNY 3.02 billion ($442.67 million) in the first half of 2020, up 23.41% year-on-year, Kallanish notes.
Operating income decreased -2.92% y-o-y to CNY 52.06 billion in H1. This is mainly down to the adjustment of H1 2019 operating income after Valin Steel acquired 51% equity of Yangchun Xingang and 100% equity of Valin Energy-saving Power Generation. Excluding this factor, Valin Steel&rsquo…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous