Chinese Valin Steel posts net loss for H1

Keyword:
Publish time: 10th July, 2013      Source: ChinaCCM
Information collection and data processing:  CCM     For more information, please contact us

It's reported that the Chinese steelmaker Valin Steel announced its financial result for the first half of this year on July 7th.

Valin Steel posted a net loss of RMB373~RMB393 million for the first half of this year, in comparison of a net loss of RMB1.305 billion in the same period of a year ago.

Meanwhile, it's known that Valin Steel realized a net loss of RMB3.254 billion in 2012, slumping from a net profit of RMB70.14 million in 2011.