18
Jul
11:14
Angang consolidates Chaoyang into listed arm
Northern China’s Anshan Iron and Steel Group (Angang Group) will sell its wholly-owned subsidiary Chaoyang Iron and Steel to its listed arm Anshan Iron and Steel (Angang), the listed company says. The move will further consolidate steelmaking in Liaoning province under Angang, Kallanish notes.
The CNY 5.9 billion ($882 million) purchase will see the 2 million tonne/year sheet producer come under the control of its sister company. Angang remains 5…
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Anonymous
Very good overview of the weekly steel market.
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