05
Jul
04:14
Minsheng Bank looks to sell Jiangsu Shente debts
China Minsheng Bank says it plans to transfer its creditor’s rights over Jiangsu Shente Iron & Steel. Shente's 450-cubic-metre blast furnace and other facilities are collateral to its debt to Minsheng, Kallanish notes.
By 20 June, the total value of the debt was CNY 219.97 million ($32.02 million), with interest due of CNY 128.5 million. The 450m³ blast furnace has the capability to produce 550,000 tonnes/year of iron. Mins…
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Anonymous
Very good overview of the weekly steel market.
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