05
Dec
06:10
Changshou takes nearly quarter-share in Chonggang
Chongqing Iron & Steel (Chonggang) updated its Right & Interests Report on 4 December on the Shanghai Stock Exchange, revealing that Changshou Iron & Steel has become a shareholder with 23.51% of total shares. Combined with recent leadership changes the move appears to show the growing influence of the Baowu Group over the troubled and heavily-indebted Chonggang, Kallanish notes.
Public information shows Changshou was established by the Baowu-investe…
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Anonymous
Very good overview of the weekly steel market.
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