15
Feb
09:08
Valin expects strong earnings despite annual decline
Hunan-based Valin Steel this week posted strong profit forecasts for 2022, despite the figure falling on-year, according to its filing on the Shenzhen Stock Exchange.
In 2022, Valin’s profits attributable to shareholders were expected to reach CNY 6.2-6.6 billion ($906-964 million), a decrease of 32%-36% compared with 2021, Kallanish notes. The overall profit trend weakened through last year, which was consistent with the industry as a whole.
Of t…
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Anonymous
Very good overview of the weekly steel market.
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