01
Apr
01:00
Hanggang set to shut by end-2015 in major restructuring
Eastern China’s Hangzhou Iron and Steel (Hanggang) has announced a major restructuring of its listed company. The reorganisation will allow it to finance a move from its current base in Zhejiang province’s capital Hangzhou, to the site of Ningbo Iron and Steel, which it recently acquired. The company added that the relocation means it will cease all steelmaking by the end of the year despite fears of a loss in market share.
The Shanghai-listed co…
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