Metal Products News
- Hunan News
Date: 12-Jul-2007 Sources: (Shenzhen Daily)
HUNAN Valin Steel Tube & Wire Co., a Shenzhen-listed steelmaker part-owned by the world's biggest mill Arcelor Mittal, said yesterday first-half profit may have more than doubled as production rose and prices increased.
Net income may rise as much as 150 percent in the six months ended June 30 from a year earlier, the Hunan Province-based company said. Valin's first-half profit last year was 302.3 million yuan (US$40 million), or 0.1377 yuan a share.
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