06
Nov
06:00
China’s Chengcai Steel to sell facilities, capacity
China’s Shanxi Chengcai Iron & Steel and Chengcai Coking Group are recruiting investors for restructuring, according to an investor recruitment notice.
In addition to all production facilities of the two companies, the assets for sale include capacity quota for 1.65 million tonnes/year of iron and 1.7m t/y of crude steel, Kallanish notes. Against the backdrop of nationwide cuts in production capacity, this quota is why the market is paying attention to t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous