19
Feb
05:51
Angang to sell shareholding in Bekaert joint venture
Anshan Iron & Steel (Angang) is selling its shares in a steel cord joint venture, which it established with Belgian steel wire specialist Bekaert in 2008, according to China Beijing Equity Exchange. Anyang says it is offloading its interests in Bekaert Ansteel Tire Cord (Chongqing) (BATC) to push on with the group restructuring process, Kallanish notes.
By the end of August 2016, BATC had total assets CNY 584.2 million ($85.03m) and CNY 584.6m in total…
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Anonymous
Very good overview of the weekly steel market.
Anonymous