04
Dec
02:30
Chinese stainless producer merges, changes name
Chinese stainless specialist Beihai Chengde changed its name to Guangxi Beibu Gulf New Material Company on 26 November following a merger, Kallanish notes. The steelmaker is now also fully state-owned.
The steelmaker produces high-end stainless steel, coastal construction steel and high-quality bearing steel. It has now been through two ownership restructures, the first in 2016 and now again in 2019. It has now become a wholly state-owned company …
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Anonymous
Very good overview of the weekly steel market.
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