11
Aug
06:40
Market downturn impacts Anyang Steel governance
Amid weakness across the steel industry in China, Anyang Steel is in trouble after failing to seek reorganisation. There is also a potentially close link between recent pay cuts and the resignation of three senior managers this week, Kallanish notes.
Earlier this month, an internal announcement showed that Anyang Steel decided to reduce the salary of employees by 30% and pay bonuses according to the revenue of each team.
The payment of employees’ housing ac…
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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