15
Aug
10:02
Shangang cancels reorganisation/acquisitions
Shandong Iron & Steel's (Shangang) listed company on 14 August reported to it will terminate the acquisition of Yongfeng Group's Laigang Yongfeng Iron & Steel (Yongfeng Steel) and Yongfeng Zibo Company. It will also not take a share in Shangang Rizhao Iron & Steel. The listed company had intended to purchase 100% of the first two companies and 37.99% of Shangang Rizhao, Kallanish notes.
The listed company explained the reason for re…
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Very good overview of the weekly steel market.
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