15
Apr
12:11
Valin predicts soaring profits on higher output
China's Valin Steel Group forecasts a strong rebound in revenue and profit for the first quarter. Meanwhile, the company's steel output increased on-year, Kallanish notes.
By end-March, Valin produced 5.52 million tonnes of iron, 7.33mt of crude steel and 6.91mt of finished steel, selling 6.78mt of finished steel. The figures increased by 9.52%, 16.16%, 17.92% and 24.86% respectively compared with Q1 2020.
In its report on the Shenzhen Stock Exc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous