26
Nov
07:55
Fushun Special targets 1mt steel output
The listed arm of northern China's Fushun Steel recently announced that the company's restructuring plan has been approved by the local court. This also means that Fushun Steel has officially entered the implementation phase of its reorganisation, Kallanish notes.
Fushun Steel will offer shares and cash to pay off its debts. For debts below CNY 500,000, Fushun will pay cash at a rate of 70% of the original debt. The remaining debt will be …
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Anonymous
Very good overview of the weekly steel market.
Anonymous