26
Apr
10:39
Magang increases investment in France's MG Valdunes
Ma’anshan Iron & Steel (Magang) has announced to the Shanghai Stock Exchange that it plans to invest a further €40 million ($43.56m) in its wholly-owned and loss-making French subsidiary, railway equipment producer MG Valdunes. Magang has also reported CNY 901.75m ($130.94m) in net profit attributable to shareholders over January-March, Kallanish notes.
Valdunes is making great efforts to obtain China Railway Construction Corpo…
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Very good overview of the weekly steel market.
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