26
Oct
09:20
Qilu Special Steel files for bankruptcy
China's Qilu Special Steel in Shandong Province filed for bankruptcy last week, according to the National Enterprise Bankruptcy Information Disclosure Platform.
This steel company will reorganise and merge with Shandong Yanzhou Alloy Steel, Qilu Engineering Equipment and Shandong Quanxing Forging Company. While recruiting investors, Qilu Special Steel will sell its 450,000 tonnes/year of crude steel production capacity quota to raise funds, Kallanish note…
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Anonymous
Very good overview of the weekly steel market.
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