22
Jan
09:23
Chinese commodity giant buys UK's Stemcor
Guangzhou-based commodity conglomerate Cedar Holdings has reached an agreement to acquire 100% of the shares of UK-headquartered steel trader Stemcor, Kallanish learns.
Stemcor says that it is aiming for the transaction to be completed in the first half of 2020. Although unconfirmed by either side, the deal is reportedly valued at $150 million and would see ownership of the trader transferred fully from US investor Apollo group to Cedar Holdings.
Cedar …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous