15
Dec
00:00
Anyang buys iron ore division in restructuring
Troubled northern Chinese steel mill, Anyang Iron and Steel, has announced it will buy iron ore interests from its parent company as part of a restructuring aimed at returning it to profitability. Trading of shares in the Shanghai-listed steelmaker has been suspended for three months pending a full announcement of its restructuring plans.
It will buy 100% of Wuyang Mining Industry from Anyang Iron and Steel Group by issuing around 1.15 billion shares to its …
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Anonymous
Very good overview of the weekly steel market.
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