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12 Nov
08:03

Jiangyin Jincheng Steel files for bankruptcy

China’s Jiangyin Jincheng Iron & Steel has filed for bankruptcy in Jiangyin City People's Court and officially started to recruit investors for a reorganisation, Kallanish notes. Jincheng is a manufacturer of marine sections, mechanical sections and sections for electric power towers. It has three rolling mills with more than 700,000 tonnes/year of angle steel, channel steel, I-beam and other types of steel sectio…
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