16
Oct
10:46
Valin Steel predicts stable net profit
Hunan Valin Iron & Steel (Valin Steel) predicts that its net profit in the third quarter was CNY 1.75-1.95 billion ($260-290 million), up 21.94-35.88% year-on-year. The data excludes results from the several companies acquired last year, Kallanish notes.
Nine-month net profit is expected to increase 39.68-45.57% y-o-y to CNY 4.74-4.94 billion. Q3 net profit is broadly in line with Q2, which was CNY 1.87 billion. Due to the company's hug…
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Anonymous
Very good overview of the weekly steel market.
Anonymous