09
Apr
07:55
Valin expects 355% first-quarter profit growth
The listed arm of China’s Hunan Valin predicts its first-quarter net attributable profit could soar around 355.3-420.22% from 2017 to CNY 1.4-1.6 billion ($222-253 million), according to its announcement to the Shenzhen Stock Exchange.
Over January to March it reports output of 3.69 million tonnes of iron, 4.47mt of crude steel and 4.16mt of steel products, respectively up by 4.8%, 14% and 9.2% year-on-year, Kallanish notes.
Valin says the pro…
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Anonymous
Very good overview of the weekly steel market.
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