15
Nov
08:57
Jianlong to buy Xilin Iron and Steel
China’s Jianlong Group has paid a deposit in its purchase of northeastern China’s Xilin Iron and Steel. Jianlong already leases one steelworks from the bankrupt Xilin Steel but now could take control of the full 5.6 million tonnes/year capacity, Kallanish notes.
CNY 500 million ($72m) has reportedly been paid as a deposit on the transaction, and no other potential investors have registered with authorities, local media report. Xilin Steel had it…
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Anonymous
Very good overview of the weekly steel market.
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