26
Jun
12:48
Baosteel, Wugang announce joint restructuring
China’s Baosteel and Wuhan Iron and Steel (Wugang) both released notices on Sunday saying they would suspend trading in their shares as they were both discussing a joint restructuring strategy. Rumours of a merger between the two have regularly been denied and major restructuring has not always been successful. The news however still raises the prospect of the pair forming a behemoth of Chinese state-owned steel, Kallanish notes.
Both notices to the Shangh…
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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