28
May
01:00
Sinosteel could see investor bailout
Troubled state-owned Chinese steel and raw materials trading house Sinosteel could be rescued from its debt worries by anonymous investors, according to reports in Caixin. The company has struggled to service its debts over the last year but has succeeded in signing a number of deals linked to China’s “belt and road” policy this year, Kallanish notes.
Sinosteel was estimated to have at least CNY 100 billion ($16.1 billion) in debt by the en…
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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