18
Oct
07:44
Shangang Laiwu offers four old blast furnaces
Laiwu Iron & Steel, a subsidiary of Shandong Iron & Steel Group (Shangang), is offering an asset package mainly including four 1,080 cubic metre-blast furnaces. These were shut down last year to free up capacity quotas, and so can only be dismantled for scrap or uses other than ironmaking, Kallanish notes.
The company has set a base price of CNY 177.87 million ($24.72m), while the appraisal price given by China United Assets Appraisal Group is o…
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Anonymous
Very good overview of the weekly steel market.
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