21
Jan
09:47
Shagang cancels restructuring plans
Eastern China’s Shagang says it is cancelling its major asset restructuring plans in order to protect the interests of its shareholders. The announcement ties the success of the company firmly to the traditional steel industry for at least the short term, Kallanish notes.
Shagang had announced in 2015 that it was expecting to announce a major restructuring, with unnamed partners, which would have added new energy vehicles and big data capabilities to the S…
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Anonymous
Very good overview of the weekly steel market.
Anonymous