05
Dec
02:51
Bofeng Steel plans to sell ironmaking capacities
Xuzhou Bofeng Iron & Steel in Jiangsu Province plans to sell its iron capacity in an auction on 2 January 2024 on Alibaba Assets.
Kallanish notes that this steelmaker shut down in 2020 due to environment protection violations. The factory is upwind from the city and close to the Panan Lake, an ecologically sensitive area.
The starting price of the auction for its total 700,000 tonnes/year of iron capacity is CNY 186.2 million ($26.1m), with a CNY100,000 price…
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Anonymous
Very good overview of the weekly steel market.
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