Delong recently completed the acquisition of a profitable steel mill, which is expected to contribute positively towards the company’s financials from 2Q 2012 onwards. This acquisition forms part of the basis for us to expect 2012 to be profitable. Going forward, Delong has put in place a pipeline of acquisitions to raise capacity. In the longer term, these acquisitions will accelerate Delong’s growth when the China steel industry recovers.

Download Report	by Liu Jinshu   |  Uploaded on 22 May 2012