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Valin steel H1 Profit Down By 35%

Steel News - Published on Tue, 20 Aug 2019

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Valin Steel reported half-year results that revenue in the first six months of the year was 48.4 billion yuan, up 11% from a year earlier, while net profit fell about 35% to 2.2 billion yuan.

The largest listed steelmaker in Hunan said profits fell overall as a result of accelerated release of new capacity, rising prices of raw materials such as iron ore and falling steel prices.

Source :

Posted By : Amom Remju on Tue, 20 Aug 2019
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