14
Jul
07:48
Nanjing Steel completes asset reorganisation
Nanjing Iron & Steel (Nanjing Steel) has acquired further stakes in Najing Nangang Development and Nanjing Jinjiang Metallurgical Furnace Charge. These are owned by Nanjing Nangang Iron & Steel Group (Nangang), Kallanish notes.
Nanjing Steel is also a subsidiary of Nangang. After the acquisition, Nanjing Steel will fully control the two target companies. From July they will be fully consolidated into the Shanghai-listed Nanjing Steel.
In Ap…
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Anonymous
Very good overview of the weekly steel market.
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