27
Nov
09:19
Chonggang auctions off assets for $1.04 billion
Chonggang Iron & Steel's (Chonggang) major steel plant assets have been auctioned off for CNY 6.9 billion ($1.04 billion) to the court-appoint restructuring administrator Changshou Iron & Steel, according to an announcement from the listed company.
Changshou was recently announced as Chonggang’s administrator after it was established just around one month earlier (see Kallanish 21 November).
Since mid-October Chonggang has held several …
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