20
Jul
10:35
Valin expects first-half profit to slump
China-listed Hunan Valin Iron & Steel has said it expects a drop of 28-35% year-on-year in its net profit attributable to shareholders in the first half of 2022, Kallanish notes.
Total profit over January-June is expected to amount CNY 3.6-4 billion ($533-592 million). The company explained that sluggish demand and falling prices in the second quarter led to a decline in the company's performance.
This week, Valin was also asked by investors whether …
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Very good overview of the weekly steel market.
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