10
Sep
03:28
Baosteel plans to buy into auto wheel maker
According to an announcement by Wanfeng Auto Wheels (Wanfeng Aowei) on 8 September, Baosteel Metal Company has signed a cooperation agreement and plans to buy shares in the wheelmaker, Kallanish notes.
Baosteel and Wanfeng hope to use their complementary resources to boost automobile parts sales and aim at global distribution of new light-weight materials. Baosteel and Wanfeng will integrate their production chain with Baosteel'…
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Anonymous
Very good overview of the weekly steel market.
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