20
Aug
07:59
Guangxi Xinheli receives reorganisation approval
The People’s Court of Qinbei District in Qinzhou city has ruled that Guangxi Xinheli Metallurgy will undergo bankruptcy and reorganisation, Kallanish notes.
The company was formed by the local administration in 2009, and had to be bailed out in 2015 because of heavy debts. The business license of Yunnan Xinheli, its largest shareholder and controller, has already been revoked.
The company had two 450m³ blast furnaces producing ferromanganese,…
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Anonymous
Very good overview of the weekly steel market.
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