18
Apr
12:40
Nippon Steel expects Teck to conduct current spin-off plan
Japanese steelmaker Nippon Steel said through its official website that it hopes Teck Resources can pass its existing spin-off plan at the shareholder meeting on 26 April. This would ensure that Nippon's investment in Teck's coking coal assets progresses smoothly.
Switzerland-based commodities firm Glencore earlier this month bid $22.5 billion to acquire Teck Resources and plans to merge and then separate its operations into two companies, Kallanish n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous