19
May
06:27
Baowu may announce acquisition of Shangang in June
Kallanish learns from market sources familiar with Shandong Iron & Steel Group (Shangang) that Baowu's acquisition of Shangang Group could be announced in June.
The official information about this deal can be traced back to 2021 at the earliest. The listed company of Shangang Group issued a public document on 14 July 2021 stating that China Baowu Group intends to carry out a strategic reorganization of Shangang.
In order to promote the reorgani…
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Anonymous
Very good overview of the weekly steel market.
Anonymous