16
May
11:52
Erasteel and AT&M to swap Chinese shareholdings
Erasteel and the Chinese company AT&M are expected to swap shares in two Chinese subsidiaries which specialise in high-speed steels, Kallanish understands from a statement.
Erasteel is expected to sell its 10.29% stake in Heye Special Steel Co to AT&M, Heye's majority shareholder. Meanwhile Heye Special Steel will sell its 51% stake in HEIML (Heye-Erasteel Innovative Materials) back to Erasteel, which currently owns 49% of the subsidiary.
The…
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Anonymous
Very good overview of the weekly steel market.
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