08
Jan
09:55
Liugang takes over Zhongjin Stainless
Liuzhou Iron & Steel Group in southern China formally took over Zhongjin Stainless Steel on 7 January, after Zhongjin completed its performance targets for the past three years.
After China's Sinosteel withdrew from Liugang Zhongjin in December 2019, Guangxi Liuzhou Iron & Steel wholly owns the company. I bought the remaining 4.71% from Sinosteel at a value of CNY 75.88 million ($11.72m). Since 2018, when Sinoste…
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Anonymous
Very good overview of the weekly steel market.
Anonymous