25
Nov
09:20
Jiujiang Wire buys Jinxi's sections subsidiary
China Oriental Group, the parent company of Hebei-based steel producer Jinxi Steel, has announced the sale of its Fangchenggang steel subsidiary to Jiujiang Wire Rod Company. The deal price is CNY 3.5 billion ($548.1 billion), and Jiujiang Wire Rod will conduct the purchase through its Guangxi subsidiary, Guangxi Chiji Steel, Kallanish notes.
Jinxi Steel's Fangchenggang unit, Jinxi Section Steel Technology Company, plans to build two 3,000-cubic-metre bla…
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Anonymous
Very good overview of the weekly steel market.
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