16
Jun
05:33
Wugang accelerates investment in non-steel industries
China’s Wuhan Iron & Steel Company (Wugang) is cooperating with a state-owned investment group to set up a green development fund, it said on 15 June 2016. The move will allow Wugang to further develop its non-steel industries, Kallanish notes.
The fund will total CNY 20 billion ($3.03 billion) and be managed by Changan Trust Company. It will reportedly support cutting capacity and finance the development of environmental protection and new materials t…
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Very good overview of the weekly steel market.
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