18
Dec
08:16
Shougang to sell Eastern Steel shares
Shougang is offering its 40% share in Malaysia's Eastern Steel on the Beijing Equity Exchange together with the right to claim CNY 834.29 million ($126.28m) in credit at a price of CNY 864.76 million, Kallanish notes.
Eastern Steel was Shougang’s first overseas steel capacity investment project. It commissioned at the end of 2014 and has a total capacity of 700,000 tonnes/year but halted production in October 2015.
Eastern Steel senior man…
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