Valin: long products gains remarkable results in de-capacity with profitability exceeding plates
2017-12-19 15:19:02 [Print]
On December 17, Valin claimed that Sangang Minguang has great differences with Valin in product structure, with Sangang Minguang mainly producing long products while plates for Valin. As China has cracked down substandard steel products since this year, long products gained remarkable results in de-capacity with profitability exceeding plates; besides, Sangang Minguang and Valin are located in different areas, leading to discrepancy in profitability.
Valin explained that in recent years, the company reduced costs of logistics, labor, energy and finance by multiple methods like increasing water transport proportion, distributing personnel reduction, promoting self-generating electricity proportion and improving debt structure. From January to September 2017, the company achieved net profits of RMB3.3 billion, ranking third in the 26 listed common steel companies.
Valin explained that in recent years, the company reduced costs of logistics, labor, energy and finance by multiple methods like increasing water transport proportion, distributing personnel reduction, promoting self-generating electricity proportion and improving debt structure. From January to September 2017, the company achieved net profits of RMB3.3 billion, ranking third in the 26 listed common steel companies.
