20
Jan
16:32
Chinese tinmill halts operations amid debt contagion
China’s Jiangyin Comat Metal Products has seen its operations disrupted amid a wider debt guarantee crisis in the eastern Chinese province of Jiangsu, according to local sources. Creditors are now looking to state-owned banks to bear the brunt of the losses of the tinplate producer, Kallanish notes.
Jiangyin Comat is part of Haida Group, along with a number of other businesses in aluminium and other materials. Many of its debts, including a CNY 70 million ($…
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Anonymous
Very good overview of the weekly steel market.
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