18
Nov
02:53
Chengdu's Xilian Steel enters bankruptcy
Xilian Steel attended Jinniu People’s Court in Chengdu in Sichuan province for its first bankruptcy hearing on 14 November, Kallanish notes.
The company’s total debts are reported as CNY 1.06 billion ($151.84 million). After setting up in 2004, it became the biggest steel logistics centre in Sichuan province, but reportedly fell into bankruptcy because of poor management. It has been involved in several loan disputes as it was unable to afford r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous