14
Feb
12:24
Shagang continues to acquire Nangang
Shagang is continuing to discuss the acquisition of Najing Iron & Steel Group (Nangang), the secretary of the chairman of Nangang confirmed at an extraordinary shareholders meeting.
Previously, there were rumours in the market that the merger of the two steel companies might have been stopped by the government to avoid a local monopoly. Another argument made was that the seller, Fosun Group, has passed its capital turnover difficulties, so it is under less pre…
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Anonymous
Very good overview of the weekly steel market.
Anonymous