31
Dec
02:19
Sinosteel withdraws from Liugang Zhongjin stainless project
According a change in information report released by the ministries of industry and commerce on 25 December, China’s Sinosteel has withdrawn its investment in Liugang Zhongjin, Kallanish notes.
Before the change, Sinosteel had held 4.71% of Liugang Zhongjin. After buying the shares at a value of CNY 75.88 million ($10.86 million), Guangxi Liuzhou Iron & Steel will now wholly own Liugang Zhongjin. Sinosteel had been planning to sell its sta…
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Anonymous
Very good overview of the weekly steel market.
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