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08 Jul
03:27

Guofeng to start auction of southern steelworks

Tangshan Guofeng Steel plans to auction its southern steelworks online on 15 July. The value has been estimated at CNY 2.073 billion ($300.76m), Kallanish notes. For steelmaking the equipment includes five converters, two 120 tonnes and three 80 tonnes; five ladle furnaces and seven continuous casters. For ironmaking it includes seven blast furnaces, two 1,780 cubic meters and the others 450 cu m. There are also two 1,450-mm an…
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