07
Sep
15:03
China’s new Brazilian megaworks is a long shot
Ahead of the G20 summit in Hangzhou, China signed a number of investment deals with Brazil, which is in a prolonged recession. A potential 10 million tonne/year steelworks project was one deal signed but the investors will be lucky to see the project come to fruition, Kallanish notes.
China-Brazil Xinnenghuan International Investment (CBSteel, also known as CB Smart Steel) is reportedly signing a preliminary agreement to invest $3 billion in the first …
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Anonymous
Very good overview of the weekly steel market.
Anonymous