17
Jul
04:36
Chongqing Steel buys energy company
Chongqing Iron & Steel's listed company has purchased a 100% stake in Qianxin Energy at a consideration of CNY 837 million ($119.5m).
Chongqing Steel says the purchase of Qianxin Energy can ensure the steelmaker's power generating units and production maintain a high degree of coordination. It will also ensure the full recycling of surplus gas, which is in line with the company's business development needs and development strategy, i…
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Anonymous
Very good overview of the weekly steel market.
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