Valin Steel has recovered a total subsidy of CNY1.168 billion from the government recently.

It is expected that Valin Steel will suffer a loss from its main business in 2011 and the government subsidy will help a lot. The company has seen a deficit of about CNY2.6 billion in 2010 and CNY174 million in the first three quarters of this year.

Valin Steel shares closed at CNY2.70 on January 6 2012 a slight rise of 0.37%.

Source: www.steelhome.cn/en
China steel information centre and industry database