09
Jul
11:34
Bengang becomes involved in Dongbei Special merger scheme
Benxi Iron & Steel (Bengang) in China’s Liaoning province announced to the Shenzhen Stock Exchange on 8 July that it will use CNY 1.038 billion ($152.66 million) of company assets to invest in Dongbei Special Steel. The announcement comes ahead of Dongbei Special annuncing its final restructuring proposal, which is widely rumoured to involve Anshan Iron and Steel (Angang).
According to the announcement the investment accounts for 10% of the registered …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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