18
Aug
08:35
Jianlong invests in Sinosteel Luoyang
Shanxi Jianlong Group is participating in the mixed ownership reform of Sinosteel's Luoyang Institute of Refractories Research (Sinosteel Luoyang), Kallanish notes. The two parties will cooperate to establish a refractory R&D system and promote the improvement of cost performance.
Jianlong signed a capital increase agreement with Sinosteel Luoyang in June, and it now holds 5.89% of the shares of Sinosteel Luoyang after increasing capital by CNY 120 mi…
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Very good overview of the weekly steel market.
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