06
Feb
07:02
Laigang cuts selling price for Xinjiang subsidiary
Laiwu Iron & Steel (Laigang) hopes to sell its Xinjiang subsidiary at a price of CNY 1 billion ($158.4 million). This is less than a third of the initial sales price posed on the Shandong Property Rights Exchange Centre in September 2017. The selling price set by Laigang is for 100% ownership, including the company's debts, Kallanish notes.
The Xinjiang project was initiated following calls to develop the local economy but the steel indust…
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Anonymous
Very good overview of the weekly steel market.
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