16
Mar
05:49
Jingye acquires bankrupt Yongchang Steel
Yongchang Steel, in Anning City in Yunnan province, is in the process of handing over control to the Hebei Jingye Group. After all the procedures are completed, Jingye Steel will become the parent company of Yongchang Steel, Kallanish notes.
Yongchang Steel has 2.32 million tonnes/year of iron capacity, 1.7m t/y of billet capacity and 1.7m t/y of finished steel capacity which includes 600,000 t/y wire rod capacity.
The Yunnan steelmaker had halted produ…
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Anonymous
Very good overview of the weekly steel market.
Anonymous