12
Mar
10:32
Baogang establishes Beijing research firm
Listed Inner Mongolia Baotou Steel Union (Baogang) plans to invest a total of CNY 60 million ($8.4m) to build a wholly-owned subsidiary in Beijing to further research and develop high quality steel and rare earth (RE) steel according to its announcement, Kallanish notes.
After the industrial and commercial registration of this new branch, Baogang will invest CNY 20m within one month. Then it will spend CNY 10m yearly between 2024 and 2027. This new company can app…
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Anonymous
Very good overview of the weekly steel market.
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