07
Feb
06:14
Baosteel director becomes Shangang's general manager
The director of Baowu's Baosteel, Xie Qi, was appointed as the general manager of Shandong Iron & Steel Group (Shangang) on 6 February. Xie Qi started work in Baosteel in 1994 and has been working in Baosteel or Baowu Group until now.
Baowu has officially took control of 49% of Shangang on 3 January with CNY 5.86 billion ($817million). Before this, Baosteel invested CNY 10.7 billion to take 48.6139% of Shangang Rizhao, a Shangang subsidiary, last December …
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Very good overview of the weekly steel market.
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