08
Aug
07:10
Three Chinese stainless firms declare bankruptcy
Sichuan's Deyang City Court has issued a notice accepting a bankruptcy and reorganisation application from Sichuan Jinguang Group, Guanghan Tiancheng Stainless Company and Yunnan Tiangao Nickel. The three companies have a combined debt of over CNY 127.5 billion ($2.6 billion), Kallanish notes.
Sichuan Jinguang Group's book liabilities are about CNY 2.651 billion, bank guarantee liabilities exceed CNY 6.7 billion and total liabilities have excee…
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Anonymous
Very good overview of the weekly steel market.
Anonymous