31
Jan
03:59
Delong Steel invests in Bohai Group
The creditors of China's Bohai Iron & Steel Group passed a draft restructuring plan for the company on 30 January. Bohai Steel, which has debts of CNY 240 billion ($35 billion), will finally be taken over by the Delong Group, Kallanish notes.
After Bohai Steel announced its bankruptcy in October 2017, Tianjin Yinlong and RockCheck Group were interested in participating in the restructuring and proposed a plan to do this. The scheme&nb…
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Anonymous
Very good overview of the weekly steel market.
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