07
Apr
05:41
Chonggang signs autosheet joint venture with Posco
China’s Chongqing Iron and Steel (Chonggang) signed contracts for both a cold rolled sheet joint venture and an autosheet joint venture with South Korea’s Posco on 6th April, Chonggang says. These are the key projects for Chonggang to move into the automotive sector and boost its profits, Kallanish notes.
The two companies will invest CNY 1.9 billion ($293 million) in the cold rolled sheet company, which will have registered capital of CNY 1.47 billi…
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Anonymous
Very good overview of the weekly steel market.
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