18
Jan
06:52
Liugang halts stainless mill purchase
China’s Liuzhou Iron & Steel (Liugang) Group announced on the Shanghai Stock Exchange that it has put a stop on plans to buy a stainless steel mill. Liugang had halted share trading pending its purchase of Guangxi Zhongjin Metal Technology, a stainless steel producer with 1.7 million tonnes/year of nickel pig iron capacity.
According to the circular notice Liugang has given up the purchase due to a disagreement with Zhongjin on the pricing methodo…
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Anonymous
Very good overview of the weekly steel market.
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