25
Aug
07:28
Valin’s first-half profit slumps despite stable revenue
Despite stable operating income, China-listed Hunan Valin Steel’s first-half net profit still fell sharply because of weak demand and high raw materials prices in the second quarter.
In H1, Valin sold 7.68 million tonnes of finished steel, up 2.13% year-on-year, Kallanish notes. Automotive, construction machinery and energy, oil & gas were still the top three customers, which occupied shares of 18%, 16% and 13%, respectively.
Six-month operating income …
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Anonymous
Very good overview of the weekly steel market.
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