22
Jul
01:00
Chinese takeover of Malaysia's Perwaja progresses
Troubled Malaysian steelmaker Perwaja Holdings hopes to return to profit by March 2017 after restarting its Kemaman plant in late 2016, it says. The eventual takeover by China’s Tianjin Zhiyuan Investment Group has received approval from major shareholders and could see MYR 1.8 billion ($474.6 million) injected into the company over the next twelve months, Kallanish notes.
Perwaja, which plans to switch its focus from carbon steel billet and long produ…
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Anonymous
Very good overview of the weekly steel market.
Anonymous