24
Aug
01:00
Haixin could restart in 2016 under Jianlong Group
China’s bankrupt Haixin Iron and Steel could restart production in late 2016 if a proposed take-over by Jilin Jianlong Group goes ahead. The deal has been pushed for by local government to support the local economy at the expense of creditors, Kallanish notes.
The 6 million tonne/year Haixin would be renamed Shanxi Jianlong Iron and Steel and could begin commodity hot rolled coil production by the end of next year, with wire rod and bar outpu…
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Anonymous
Very good overview of the weekly steel market.
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