10
Mar
09:14
Jiugang Hongxing announces coking project
GanSu Jiu Steel Group Hong Xing Iron & Steel Co. (Jiugang Hongxing) has approved a new coking project, including two new coke batteries and auxiliary equipment, Kallanish notes from a stock exchange filing.
With an investment of CNY 2.47 billion ($380 million), the company plans to build two top-loading coke ovens of 7 metres or above. The investment may put pressure on the company’s cash flow, analysts note. The capacity has not yet been announced.
The…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous