21
Apr
09:02
Shaogang swaps assets with Baosteel
Southern China's Guangdong Shaoguan Iron & Steel Songshan Limited Company (Shaogang) has announced it plans to sell all its steel assets and buy financial assets from parent company Baosteel Group. Baosteel is in the midst of reorganising its assets to concentrate specific types in each of its three listed subsidiaries, Kallanish notes.
Shaogang plans to sell its steelworks to either Baosteel Group or one of its subsidiaries, but has not yet re…
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Anonymous
Very good overview of the weekly steel market.
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