10
Aug
09:20
Shagang terminates restructuring, returns to steel business
China's top private steelmaker, Shagang, has announced through its listed company that it will terminate the acquisition of 100% equity in Suzhou Qingfeng. The steel mill will return its focus to its main steel business and will no longer consider transforming into a data centre, Kallanish notes.
Shagang initially announced the acquisition plan in September 2016, and its stocks were required to stop trading from 19 September of that year to 15 Novemb…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous