16
Nov
07:15
Baowu subsidiary purchases Xinjiang pipe company
Baowu Group listed subsidiary Bayi Iron & Steel will acquire Xinxing Cast Pipe Xinjiang Co. (Xinxing Pipe Xinjiang) through its holding subsidiary Xinjiang Tianshan Iron & Steel United Co (Tianshan Steel).
The target of this transaction is 100% equity of Xinxing Pipe Xinjiang, at a price of CNY 2.18 billion ($331.58 million), Baowu says in a Shanghai Stock Exchange (SSE) filing.
This transaction is to further eliminate backward steel production capacity i…
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Anonymous
Very good overview of the weekly steel market.
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