10
Mar
16:51
Jingye looks to add rebar at British Steel
In a statement monitored by Kallanish confirming the closing of its deal to acquire UK longs’ specialist British Steel, China’s Jingye Steel has outlined its plans for investment in its new offshoot. Amongst other developments. It intends to introduce rebar production to British Steel’s portfolio.
Jingye says that it has pledged to invest £1.2 billion ($1.55 billion) “… to place the business on a more competitive and sustainabl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous