21
Nov
04:05
Chonggang restructuring plan passes muster
The heavily-indebted Chongqing Iron & Steel (Chonggang) had an initial restructuring plan approved on 17 November, according to an announcement by its listed company on the Shanghai Stock Exchange. Changshou Iron & Steel, owned by the Baowu-led fund Si Yuan He, will lead the restructuring of Chonggang.
Following the merger between Wuhan Iron & Steel and Baosteel, the involvement in Chonggang's restructuring could enable Baowu to dominat…
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