02
Mar
02:24
Gansu court finally declares China's Yigang bankrupt
China’s Yicheng Iron & Steel (Yigang) was declared officially bankrupt by the Yicheng city courts on 25 February, Kallanish notes. This is according to an announcement on 28 February by its parent company Gansu Jiugang Hongxing Iron & Steel (Hongxing) which has a 90% shareholding in the subsidiary.
Yigang filed for bankruptcy liquidation on 27 April 2018 (see Kallanish passim). At the end of 2017, the total assets of Yigang were CNY 337.71 milli…
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Anonymous
Very good overview of the weekly steel market.
Anonymous