29
Jul
03:53
Hebei Baoxin delays auction for iron capacity
According to the People’s Court of Handan, Hebei Province, Hebei Baoxin Iron & Steel has delayed the auction of its ironmaking capacity to 4-5 August, from 18-19 July originally, Kallanish notes.
The auction is for 584,000 tonnes/year of iron capacity left from the closure of 730,000 t/y capacity. The target price is CNY 181 million ($26.3m). Baoxin Iron & Steel participated in a capacity replacement plan in 2017 (see Kallanish passi…
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Anonymous
Very good overview of the weekly steel market.
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