24
Oct
06:27
Laiwu Steel Xinjiang sells capacity following bankruptcy
China's Daily Economic News reports that Laiwu Steel (Laigang) Xinjiang has announced it will sell the company's capacity of 1.22 million tonnes/year of iron and 1.35m t/y of steel for CNY 640 million ($93m). Shangang Group Laiwu Steel Xinjiang Branch has seen production suspended for more than 3 years, Kallanish notes.
According to Industry and Commerce Bureau data, Laigang Xinjiang was established in August 2011 with …
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