03
Jul
05:52
Midong court declares Xinjiang Puquan Steel insolvent
Midong People’s Court in Urumchi, Xinjiang, declared Xinjiang Puquan Steel insolvent on 30 June, Kallanish notes.
In August 2017, to eliminate outdated capacity, the Urumchi government required Xinjiang Puquan Steel to phase out its two 30-tonne EAFs with a combined 300,000 tonnes/year capacity. At that time, Xinjiang Puquan Steel was involved in a number of legal disputes, and responded passively to the shutdown requirement. As a result, the …
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