18
Nov
02:17
China's Zenith acquires Liguo quotas for Tongzhou Bay
Zenith Steel successfully purchased iron & steel quotas via an auction by Liguo Iron & Steel on 15 November, Kallanish notes.
Tongshan Liguo Iron & Steel in Jiangsu province held an auction to sell its capacity quotas from 14 November to 15 November through Taobao's online platform. Zenith Steel spent CNY 1.77 billion ($252.59 million) to acquire 1.2 million tonnes/year of iron and 1.7m t/y of steel capacities. It plans to use the quota…
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Anonymous
Very good overview of the weekly steel market.
Anonymous