27
Aug
01:00
China's CITIC completes multi-billion merger
China’s largest special steel producer, the Hong Kong-listed CITIC Pacific, will begin trading as CITIC Limited on 1 September after a Yuan 226.93 billion ($36.9bn) merger, the company confirms. The acquisition of assets from its state-owned parent, CITIC Group, was completed on 26 August, it adds.
CITIC controls around 9 million tonnes/year of special steel capacity at Jiangyin Xingcheng Special Steel in Jiangsu and Xin Yegang in Hubei which includes …
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Anonymous
Very good overview of the weekly steel market.
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