14
Oct
06:22
Angang secures control of Bengang
The Liaoning State-owned Assets Supervision and Administration Commission (SASAC) has transferred a 51% equity shareholding in Benxi Iron & Steel (Bengang) Group to Anshan Iron & Steel (Angang) Group. This marks the formal merger of the two companies, Kallanish reports.
Following the merger, Angang Group has 63 million tonnes/year of crude steel capacity, and approximately CNY 300 billion ($46.6 billion) in annual operating income. This makes it the second…
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Anonymous
Very good overview of the weekly steel market.
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