09
Dec
09:58
CITIC to take control of Tianjin Pipe
China's CITIC Special Steel plans to participate in the bidding for a 60% stake in Shanghai Electric Steel Pipe Company. The consideration for this transaction is CNY 1.9 billion ($274 million).
Shanghai Electric Steel Pipe is 60% controlled by Shanghai Electric and the actual controller is the Shanghai Municipal State-owned Assets Supervision and Administration Commission. Kechuang Special Steel, a steel subsidiary of CITIC Group, holds 4…
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Anonymous
Very good overview of the weekly steel market.
Anonymous