01
Apr
14:32
Tata Steel divests indirect Chinese subsidiary
India’s Tata Steel has offloaded a Chinese subsidiary company, Kallanish learns from a stock exchange filing.
The steelmaker has divested its entire equity stake in its wholly-owned indirect subsidiary Kalzip Guangzhou Limited to Shanghai Qinheng International Trade Co Ltd. The Tata subsidiary, based in Guangzhou, is part of its Kalzip group which operates independently and is administratively part of Tata Steel Europe.
Kalzip has a manufacturing plant …
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Very good overview of the weekly steel market.
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