16
Feb
08:32
China's Tonggang to carry out debt-for-equity swap
Northeastern China's Tonghua Iron & Steel (Tonggang), a Shougang Group subsidiary, has been crafting a debt-for-equity swap plan since 10 February. Tonggang is the biggest steelmaker in Jilin province, with 5.2 million tonnes/year steelmaking capacity, Kallanish notes.
According to Tonggang’s 2016-2020 development plan, it aims to use a debt-for equity swap and the sale of mining subsidiaries to turn losses into profit. In the first half of la…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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