11
Dec
02:58
Chinese steelmakers' share exchange merry-go-round continues
According to an announcement by Baoshan Iron & Steel (Baosteel) on 10 December, its parent company Baowu Group plans to transfer 2.19% its shares in Baosteel to the Shougang Group, Kallanish notes.
As things stand, Baowu owns 64.12% shares in Baosteel, and Shougang has no relationship with Baosteel. The transaction will not change the actual control of the company. The market value of Baosteel on 10 December is estimated to be CNY 125 billion …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous