16
Aug
15:58
Baowu eyes Tsingshan's Indonesian stainless steel assets: reports
China's Baowu Group intends to acquire some of Tsingshan's stainless steel assets in Indonesia to expand overseas production capacity, according to reports.
The Chinese stainless and nickel giant is in talks with Baowu, according to Bloomberg and Reuters reports. The main target is Tsingshan's stainless steel production lines in Morowali Industrial Park, Indonesia. It is still uncertain whether this acquisition involves Tsingshan's nickel asse…
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Anonymous
Very good overview of the weekly steel market.
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