06
Jul
06:50
Linzhou Heavy sells Lingang to Jinda Coal
Linzhou Heavy Machinery Group in Henan Province plans to sell 100% of its subsidiary Linzhou Lingang to Inner Mongolia Jinda Coal Coking Company for CNY 258 million ($36.6m). After the transaction, Linzhou Heavy Machinery Group will no longer hold any shares of Linzhou Lingang, Kallanish notes.
In 2019, Lingang operated for less than three months. From January to March, it was forced to restrict production because of environmental controls. From mid-June to m…
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Anonymous
Very good overview of the weekly steel market.
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