04
Apr
13:47
Sangang Minguang bags San’an Iron & Steel
South-eastern China's Sangang Minguang will purchase 100% of San’an Iron & Steel at a price of CNY 2.762 billion ($439.32 million), according to a company announcement. A local government notice shows the deal has just received approval from the China Securities Regulatory Commission on 30 March, Kallanish notes.
San’an, established in 2001, was previously controlled by the Fujian provincial State-owned Assets Supervision Comm…
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Very good overview of the weekly steel market.
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