19
Oct
10:25
Hanggang shares suspended ahead of restructuring
Shares in eastern China’s Hangzhou Iron and Steel (Hanggang) have been suspended from trading on the Shanghai Stock Exchange pending approval for the company’s ongoing restructuring. Hanggang is in the process of shutting down its home steelworks in Zhejiang’s provincial capital and moving to Ningbo, where it recently took control of a steelworks from Baosteel, Kallanish notes.
A committee including China’s mergers regulator, th…
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Anonymous
Very good overview of the weekly steel market.
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