10
May
08:17
Angang nears Dongbei Special Steel acquisition
North-eastern China's Anshan Iron & Steel (Angang) is considering the acquisition of heavily-indebted Dongbei Special Steel (Dongbei), according to Pengpai News. One Dongbei creditor says that things may still change but based on the current plan, Angang will become involved in the restructuring of Dongbei and take 51% of its shares. In the future the special steelmaker could become part of Fushun Special Steel’s listed company assets.
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Anonymous
Very good overview of the weekly steel market.
Anonymous