13
Jul
11:02
Hebei Puyang Steel controls Xingtai Steel
Hebei's Xingtai Municipal Government announced on Monday that Hebei Puyang Iron & Steel will take control of Xingtai Iron & Steel and reorganize the steel plant. This also means that Jianlong Group's trusteeship of Xingtai Iron & Steel is over, Kallanish notes.
After the reorganization of Xingtai Steel, Puyang Steel holds 74% of its shares, and Hebei Guokong Group holds 26% of the shares.
Jianlong helped Xingtai Steel relocate t…
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Anonymous
Very good overview of the weekly steel market.
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