01
Sep
09:08
Puyang Steel tops 10mt capacity with Hongrong merger
Hebei Puyang Iron & Steel has obtained a 70% stake in Hongrong Steel and become its controlling shareholder, Kallanish reports. The shares had been held by Hebei New Wu’an Steel Group.
Currently, New Wu’an Group holds 2.43% of Hongrong’s shares, while the remaining 27.57% is controlled by Beijing Aobo Fuyuan Sunshine Express Investment Consulting Co., a privately-owned company.
Through this reorganisation and the reorganisation of Xingt…
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Anonymous
Very good overview of the weekly steel market.
Anonymous