07
Apr
01:00
Linyi steelmakers may be forced into bankruptcy
Steelmakers in the eastern Chinese city of Linyi were forced to cease operations over a month ago after failing environmental inspections. They remain closed and many are now reportedly at risk of bankruptcy as they struggle to repay loans, reposts suggest.
The city has some 8 million tonnes/year of crude steel capacity across several small steel makers. Most plants had been shut since late February after the Ministry of Environmental Protection (MEP) asked …
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