26
Oct
12:08
Jiangsu Fasten sells wire subsidiary to Changda Steel
China's steel wire and steel rope producer Jiangsu Fasten is divesting its main steel wire assets as part of a restructuring.
The company announced it would transfer 100% of its steel wire subsidiary to Jiangyin Changda Steel at a price of CNY 156 million ($24.44m), Kallanish notes. Fasten's steel wire is mainly used in the manufacture of cables, instrumentation, electronic products, optical fiber preforms, optical fibers and optical s…
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Anonymous
Very good overview of the weekly steel market.
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