18
Feb
04:32
Chongqing Steel to sell loss-making mining subsidiary
Chongqing Iron & Steel (Chonggang) has reported to the Chongqing Assets and Equity Exchange that it will sell its mining subsidiary Wuxia Mining. According to public information, Chonggang holds 83% of Wuxia Mining's shares, Kallanish notes.
The main reason for this sale is that the company had no operating income in 2017-2018, and booked losses of CNY 3.04 million ($0.448m) and CNY 3.34m respectively in 2017 and 2018. As of 31 D…
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