18
Dec
09:31
Shangang elects execs, plans Jinan lease
Eastern China’s Shandong Iron & Steel (Shangang) has elected Tao Dengkui as president and Bi Zhichao as general manager. The company has also revealed its plans to lease back the Jinan Iron and Steel (Jigang) plant from its parent company, Kallanish notes.
Shangang only agreed to sell Jigang to its parent company in November. Leasing the 9 million tonnes/year of steelmaking capacity back will allow it to maintain revenues and profit from the plant with…
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Anonymous
Very good overview of the weekly steel market.
Anonymous