12
Mar
06:29
C&D invests in flats production in Shandong
Shandong Jianke Flat Steel, invested by a Xiamen C&D subsidiary, has started to operate, after the locally state-owned enterprise invested in the insolvent private mill, Kallanish notes. C&D intends to sell high quality flats products from this unit to both domestic and overseas customers.
This company was registered in April 2023 with CNY 548.4 million ($76.5m) capital. The company is now 51% owned by Shanghai C&D Material.
The predecessor of this co…
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Very good overview of the weekly steel market.
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