30
Nov
09:56
Valin boosts high-end steel capacity
Hunan Valin Steel Group is rapidly increasing the proportion of its high-end steel and new energy automotive steel products.
Against the background of the overall downturn in the steel industry, its auto-sheet joint venture with ArcelorMittal, VAMA, saw net profit up 117% year-on-year in the first three quarters of 2022, Kallanish notes.
VAMA is looking to commission its second phase by end-2022, which will increase pickling capacity from 1.5 million tonnes/…
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Very good overview of the weekly steel market.
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