25
Mar
01:43
China's Valin foresees revenue fall for 2020
China’s Hunan Valin is anticipating that its operating revenue will fall in 2020, Kallanish notes.
The steelmaker’s president, Zeng Zhiqiang, told Chinese media that he estimates that this year’s revenue could shrink by -5% year-on-year to around CNY 101.75 billion ($14.41 billion) on the basis of current prices.
Valin has been subject to two crucial problems during the coronavirus epidemic, stagnating logistics and the build-up of a recor…
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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