17
Nov
09:28
Shangang takes full Laiwu Steel control
The listed company of Laiwu Iron & Steel Group publicly announced this week that it has become a wholly-owned subsidiary of Shandong Iron & Steel Group (Shangang). Market participants believe this will further promote Baowu Group's integration of Shangang Group, Kallanish notes.
The document reveals that Shangang Group has obtained the remaining 19.48% stake in Laiwu Steel from Fujian Xingyin Equity Investment Management Company. In the …
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Anonymous
Very good overview of the weekly steel market.
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