25
Sep
04:56
Laigang plans to sell Xinjiang subsidiary
Laiwu Iron & Steel (Laigang) hopes to sell its Xinjiang subsidiary at a price of CNY 3.294 billion ($499.67million), according to the Shandong Property Rights Exchange Centre. Laigang Xinjiang was established in August 2011 and local government websites show it has 2.47 million tonnes/year of iron and 2.6m t/y of steelmaking capacity.
The plant was never fully utilised, however, and in 2013 it only reported 540,000t of iron and 487,400t of crude steel output…
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Anonymous
Very good overview of the weekly steel market.
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