09
Jun
17:14
Esteel to buy Malaysian HBI producer
Malaysia’s Lion Industries Group and its subsidiary Amsteel Mills plan to sell their stakes in hot-briquetted iron producer Antara Steel Mills to Singapore-registered Esteel Enterprise. The deal comes as China’s HBI imports have surged, Kallanish notes.
Antara is in the midst of a restructuring which will have to be completed before the sale proceeds. The deal is reportedly worth $128 million and includes only the HBI plant in Labuan, an island off the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous