19
Oct
06:01
Shangang Group gives up control of Jigang
The board of directors of Shandong Iron & Steel (Shangang) Group has agreed to transfer 100% equity of Jigang Group to the State-owned Assets Supervision and Administration Commission (SASAC) of the Jinan Municipal Government, Kallanish notes.
Currently, Shangang Group is ultimately owned by the Shandong provincial SASAC, as is Jigang. This move is part of a spinning-off of some non-core Shangangn assets to local authorities ahead of its merger with Baowu…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous