12
Oct
08:24
Japan’s Hanwa buys stake in Chinese special steelmaker
Japanese steel firm Hanwa Kogyo has bought a stake in Jiangyin Xiaoda Metal Products Manufacturing company through its subsidiary Hanwa (Shanghai) Management Co.
Hanwa said on Monday that Hanwa Shanghai has purchased a 21.05% shareholding in Xiaoda Metal, Kallanish notes. By establishing this partnership, Hanwa aims to further expand its business in the Chinese special steel market.
Xiaoda Metal's main business is the forging and proc…
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Very good overview of the weekly steel market.
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