02
Aug
06:41
Hegang sets up industrial restructuring fund for steel
Hebei Iron & Steel Group (Hegang) has established a CNY 10 billion ($1.49 billion) industry development fund together with China Great Wall Asset Management Company (AMC) on 28 July, according to Xinhua. Hegang and China Great Wall have 51% and 49% stakes respectively.
According to the announcement the fund aims to become a financing platform for domestic steel industry restructuring. Hegang as the major fund partner will be responsible for the fun…
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Anonymous
Very good overview of the weekly steel market.
Anonymous