10
Sep
01:00
No, no Mr Zhao, this is the steel industry spelt s-t-e-E-l...
Former Baosteel vice general manager Zhao Kun has been fired after ignoring warnings from the Communist Party about his flamboyant use of company money. This is according to a statement from the party’s Central Commission for Discipline Inspection (CCDI). Zhao had already been demoted after it emerged he was under investigation last month (see Kallanish 5 Aug).
Among the accusation are that Zhao accepted cigars worth CNY 260-900 each from subordinates …
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Anonymous
Very good overview of the weekly steel market.
Anonymous