03
Apr
04:50
Sichuan stainless firm attempts eighth auction of assets
Sichuan Xinan Stainless Steel again failed to find a buyer in its seventh attempt to auction assets on 25 February. No alternative plan for the firm has yet been put forward however. Under pressure from continuing depreciation, the asset manager announced that an eighth auction will be held on 15 April, Kallanish notes.
The first auction was on 22 October 2018 (see Kallanish 23 October 2018). The assets in question comprise fixed assets, intangible assets a…
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Anonymous
Very good overview of the weekly steel market.
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