Hunan Valin Steel Co. Ltd. provided earnings guidance for the third quarter and nine months of 2013. For the quarter, the company predicts that it would make CNY 105.88 million to CNY 125.88 million net profits in the third quarter, compared with CNY 1.25 billion losses in the period last year.

The company announced it would incur CNY 277.59 million to CNY 257.59 million losses in the first three quarters, compared with CNY 2.55 billion losses in the period last year.