14
Nov
00:00
Angang set to pay $320 million for Lianzhong Stainless
Northern China’s Anshan Iron and Steel (Angang) will pay Yuan 1.95 billion ($320 million) for a controlling 60% stake in Lianzhong Stainless Steel Corp from Taiwan’s E United Group by the end of 2014, according to reports in the Nanfang Daily. Angang had been talked of as the favoured potential investor since Lianzhong announced it was formally looking for a partner earlier this year, Kallanish notes.
The 2 million tonnes/year stainless steel mak…
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