Valin Steel’s net profit down 48.16 percent in Jan-Jun

Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has issued its financial report for the first six months this year, stating that it registered an operating revenue of RMB 75.67 billion ($10.6 billion) in the given period, down 4.54 percent year on year, while it posted a net profit of RMB 1.331 billion ($0.19 billion), down 48.16 percent year on year.