12
Jul
08:53
Baosteel invests in Sentai to secure ferrosilicon resources
Baosteel plans to invest in Hubei Sentai Metallurgical, a subsidiary of Wuhan Iron & Steel (Wugang) to secure ferrosilicon for its silicon steel development.
The total investment of Baosteel would be CNY 717 million ($98.8m), including CNY 213 million to get 47.8% shares of Hubei Sentai and CNY 504 million to increase the registered capital of this company. Baosteel expects to enhance the competitiveness of its silicon steel products by controlling the cost o…
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Anonymous
Very good overview of the weekly steel market.
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