15
Mar
12:00
Tsingshan gains bank credit for nickel positions
China's stainless steel giant Tsingshan Group announced on Tuesday that it had secured credit from a consortium of bank creditors to cover its nickel short positions on the London Metal Exchange (LME).
The company has reached an standstill agreement with the consortium, Kallanish learns from Tsingshan's official announcement.
This means that Tsingshan and the consortium will continue discussions in relation to a standby secured liquidity fa…
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Anonymous
Very good overview of the weekly steel market.
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