13
Jun
06:07
Shaogang terminates asset restructure
Baosteel’s Shaoguan Iron & Steel (Shaogang) in southeast China terminated its asset restructuring plan on 13 June, according to an announcement to the Shanghai Stock Exchange seen by Kallanish.
Shaogang had planned to restructure by selling all steel business assets to Baosteel and issuing shares to purchase its parent company's financial assets, according to proposals published in February.
These financial assets are large and include shar…
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Anonymous
Very good overview of the weekly steel market.
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