11
Nov
09:29
Qingdao Yingang declares bankruptcy
Qingdao Yingang was declared officially bankrupt on 10 November by the Qingdao Licang District Court, Kallanish notes from the National Enterprise Bankruptcy Information Disclosure Platform.
The company filed for bankruptcy after years of losses caused by poor management, the note says. The company's debt-to-asset ratio is 280.8%. Its parent company, Qingdao Iron & Steel, supported the move and issued a statement requesting the court to accept its ban…
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Anonymous
Very good overview of the weekly steel market.
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