02
Aug
10:22
Rizhao Steel controls Shandong Longsheng Steel
The privately-owned Shandong Rizhao Steel Group took control of 50.5837% of Shandong Longsheng Steel on 31 July and became the controlling shareholder of the steel company.
Under pressure of production reduction and corporate mergers by the local government in Shandong, Longsheng Steel began to suspend production in September 2021, Kallanish notes. Rizhao Steel Group has purchased Longsheng's 1.51 million tonnes/year of iron capacity and 1.8m t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous