24
Sep
01:00
Sinosteel president axed: reports
Jia Baojun has reportedly been removed from his post as president of Sinosteel Corp., a major Chinese state-owned trader. Sinosteel has not confirmed the reports. Meanwhile, the company officially denied recent claims that it had defaulted on a number of loans.
Chinese media had speculated that the company had defaulted on loans to the China Development Bank, which has been involved in financing Sinosteel investments. The company however said on 23 September…
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Anonymous
Very good overview of the weekly steel market.
Anonymous