29
Jun
06:55
Hunan Valin terminates restructuring plan
China’s Valin Group is terminating its restructuring plan, according to a company announcement by its listed arm on 29 June. Valin had planned to divest its steelmaking subsidiaries entirely to its parent and replace them with energy and financial assets, Kallanish notes.
Valin announced details of the asset restructuring in September 2016 and it received approval from the China Securities Regulatory Commission in February this year. On 14 June Valin …
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Anonymous
Very good overview of the weekly steel market.
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