15
Mar
13:45
Hyundai Steel sells Beijing subsidiary
South Korea's Hyundai Steel announced on Wednesday that it will sell its Beijing subsidiary with assets worth KRW 400 billion ($303 million) to stop growing losses.
Hyundai Steel is said to have signed a memorandum of understanding (MOU) with a potential buyer and started due diligence for the transaction. The sale is expected to be completed in the first half of this year, Kallanish notes. The subsidiary distributes and processes automotive fla…
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Anonymous
Very good overview of the weekly steel market.
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