18
Nov
09:59
Jingye is developing a strategy for British Steel
China’s Jingye Steel has been looking closely at how to turn the current British Steel operation into a profitable supplier focussed on the local market, a source close to the takeover tells Kallanish. The plant requires significant investment and regulatory assurances but this cannot happen until the deal is finalised, he adds.
British Steel has not been profitable because of a lack of investment and inefficient operations, the source explains. As operati…
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Anonymous
Very good overview of the weekly steel market.
Anonymous