05
Jan
09:40
CITIC intends to buy Tianjin Pipe
The listed subsidiary of China's CITIC Special Steel says it intends to purchase a 40% stake in a steel pipe company held by Shanghai Electric Group. The shares were listed in December to be transferred on the Shanghai United Assets and Equity Exchange, at a floor price of CNY 400 million ($61.92m), Kallanish notes.
The transaction will be completed through CITIC Special Steel Trading Company, a subsidiary of CITIC Special Steel. …
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Anonymous
Very good overview of the weekly steel market.
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