19
Nov
00:00
Hegang-Duferco faces strong headwinds: market sources
Hebei Iron and Steel’s (Hegang) takeover of Swiss-headquartered trader Duferco has met with a mixed response from Chinese market participants. All agree that the deal would provide significant advantages to both parties but some warn that tie-ups between Chinese state-owned enterprises and foreign privately-owned firms have a chequered history. Others say that the timing is wrong for a focus on exports.
A source at one major Chinese steelmaker tells Ka…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous