04
Mar
00:00
Shagang share sale cash could go to online arm: analysts
The surprise decision by China’s largest privately-owned steelmaker, Shagang Group, to sell 55.12% of shares in its Shenzhen-listed Jiangsu Shagang Co. may be linked to a necessary cash injection for its online trading platform, analysts say. The move is unlikely to remove control of the division from Shagang’s founder, Shen Wenrong, Kallanish notes.
Jiangsu Shagang Co., which controls the 3 million tonnes/year special steelmaker Huaigang Special…
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Anonymous
Very good overview of the weekly steel market.
Anonymous