02
Apr
11:58
Valin Steel sees faster profit growth than income
Hunan Valin Steel has reported its operating income rose 8.55% year-on-year to CNY 116.28 billion ($17.71 billion) in 2020, while net profits were CNY 6.4 billion, up 45.63%, Kallanish notes.
The company produced 26.78 million tonnes of crude steel and 25.16mt of finished steel last year, up 10.16% and 9.95% on-year respectively. Of the total sales of 25.13mt of finished steel, wide thick plate, rebar and HRC were the top three products.
For 2021, the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous