Valin Steel Announced 2018 Annual Report on 27 March 2019. The Report said that the company reached 91.179 billion yuan business incomes, up 19.09% on year; also the company gained 6.78 billion yuan net profit, up 64.53% on year. Among them, during the fourth quarter, the company reached 22.536 billion yuan business incomes, down 10.44% quarter on quarter.
The report pointed out that during the year 2018, Valin Steel produced 16.31 million tons pig iron, 19.72 million tons crude steel and 18.36 million tons steel, respectively up 1.45 million tons, 2.41 million tons and 1.71 million tons on year, hitting a new record. At the same time, the company sold 18.49 million tons steel, up 12% on year.
Valin Steel has its three producing bases, including Xiangtan, Loudi and Hengyang and steel production and sale is the main business of. Its products cover medium plate, hot rolled coil/plate, cold rolled coil/plate, wire rod, rebar and seamless steel pipe.
(To contact the reporter on this story: molly.shi@steelhome.cn or 86-21-50585358) |
