03
Apr
06:19
Rizhao Steel mortgages assets for short-term loans
China's Rizhao Steel in Shandong Province has mortgaged assets worth CNY 4 billion ($596 million) for short term loans from China Minsheng Bank's (CMBC) Jinan Branch, Kallanish notes. The loans are due in March 2020.
According to public information from National Enterprise Credit Information Publicity System, there are 381 pieces of equipment being used as collateral by Rizhao Steel, mainly air conditioners, pumps, shears, transformers and…
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Anonymous
Very good overview of the weekly steel market.
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