11
Nov
11:01
Liugang abandons restructuring plan
Southern China’s Liuzhou iron and Steel (Liugang) announced on Wednesday that it has abandoned a proposed restructuring after failing to reach an agreement with shareholders and related parties. The plan had been to issue new shares and take over local stainless steel capacity, Kallanish notes.
Liugang had intended to buy 100% of Beihai Chengde Ferronickel and Stainless Co., 67% of Beihai Chengde Metal rolling Co. and 68% of Beihai Chengde Stainless Rollin…
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Anonymous
Very good overview of the weekly steel market.
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