26
Jun
11:11
Angang shows most interest in acquiring Dongbei Special
Dongbei Special Steel Group and its administrators, responding to analysts, have said that Anshan Iron & Steel (Angang) is taking a proactive interest in taking over the near-bankrupt north-eastern steelmaker. However, the firm's reorganisation proposals are mired in disputes on debt settlement and the ability of Angang to take on the company.
Since 28 March 2016, Dongbei Special Steel has defaulted on bonds worth around CNY 71.7 billion ($10.48 billion)…
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Anonymous
Very good overview of the weekly steel market.
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