27
Nov
09:53
Shangang announces change in leadership
Eastern China’s Shandong Iron and Steel (Shangang) announced the resignation of its chairman and general manager to the Shanghai Stock Exchange last week. It did not say what impact there would be on its plans to boost profitability, Kallanish notes.
Shangang chairman Chen Qixiang and general manager Cui Jurong have both resigned. Hou Jun has been appointed chairman and party secretary, while Tao Dengkui has been appointed general manager.
The company r…
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Very good overview of the weekly steel market.
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