14
Dec
09:00
Former Hegang chairman lands in court
Wang Yifang, the chairman of Hebei Iron & Steel Group over 2008-2013, was sentenced guilty of accepting bribes on 14 December, according to China's Supreme People's Court. The charges involve his brother and the illegal transfer of resources from Hegang, Kallanish notes.
Wang is also accused of being overambitious during his leadership in Hegang. He led the merger between Hegang and twelve private steelmakers during the period of his office. This inc…
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Very good overview of the weekly steel market.
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