27
Jun
07:11
Chengcai auctions iron and steel capacity
The steel and iron capacity of Shanxi Chengcai Steel, located in Xiaoyi, Luliang city, is to be offered in an auction on 8 July on Alibaba Assets. This steelmaker and its parent company, Shanxi Chengcai Coking, went into liquidation in August 2022 according to Taiyuan Intermediate Court, Kallanish notes.
The 1.7 million tonnes/year steel capacity and 1.65m t/y iron capacity is assessed at CNY 918.2m ($ 126.3m) and CNY 557.4m, without VAT, respectively. This implie…
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Anonymous
Very good overview of the weekly steel market.
Anonymous