25
May
14:36
Hadisolb advances with mining spin-off
Egyptian Iron & Steel Company (Hadisolb) has submitted a request to the Egyptian stock exchange to suspend trading of its shares to allow the firm to spin off its prospective mining company.
Hadisolb intends to operate the spin-off under the name of Iron and Steel Company for Mines and Quarries. The firm thereafter plans to liquidate its steelmaking operation following consecutive years of losses and its inability to resume production (see Kallanish passi…
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Anonymous
Very good overview of the weekly steel market.
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