16
Apr
04:08
Covid-19 hits Valin's first-quarter performance
China’s Hunan Valin reports in its first-quarter forecast that net profit declined, hit by the stagnant market due to the Covid-19 outbreak, Kallanish notes.
The company explains that although production remained stable, finished steel inventory levels hit a new record-high, as a result of delayed demand and logistics restrictions. This led to lower prices and profit. Its net attributable profit is estimated to have decreased by -31.66-38.86% …
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Anonymous
Very good overview of the weekly steel market.
Anonymous