10
Apr
09:58
Baosteel establishes steel industry restructuring fund
Si Yuan He Steel Industry Development Fund, a joint venture investment firm, has been established by Baowu Iron & Steel Group, US private equity company W.L. Ross & Co, China Merchants Finance Holding Co. and U.S.-China Green Fund. The shareholdings respectively are 25%, 26% 25% and 24%, and the initial scale of funding for this limited partnership JV is about CNY 40 billion-80 billion ($5.8 billion-11.6 billion), Kallanish notes.
According to …
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Anonymous
Very good overview of the weekly steel market.
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