23
Nov
12:01
Shangang Rizhao relaunches capacity quota purchase
Shandong Iron & Steel (Shangang)’s listed company says its revised capacity quota transaction with Shandong Minyuan Iron & Steel will continue after a temporary suspension.
The planned CNY 1.496 billion ($234 million) deal would secure 1.19 million tonnes/year of iron capacity and 1.7m t/y of crude steel capacity quota from Shandong Minyuan. The latest supplementary agreement stipulates the price and payment method for the transaction, as well a…
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Anonymous
Very good overview of the weekly steel market.
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