30
Aug
08:40
Shagang withdraws lawsuit against Fosun
The listed arms of Fosun International and Nanjing Iron & Steel Group announced on Tuesday that Shagang Group has filed an application to the Shanghai court to withdraw its lawsuit against Fosun Group.
This means that the 11% stake in Nangang Iron & Steel United Co. (Nangang United) held by Fosun will be unfrozen and will enter the formal transaction process, Kallanish notes. China's CITIC Group, controlled by the Chinese Ministry of Finance, will…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous