29
Sep
11:01
Shougang says not ready for merger
Beijing Shougang, the listed arm of Shougang, resumed trading of shares on 29 September, after trade was suspended following media speculation that the company would merge with Hebei Iron and Steel (Hegang). The merger was already looking to be fraught with complications, Kallanish notes.
According to Bloomberg, China was planning to create a “Northern Iron & Steel Group” by merging Shougang and Hegang to complement …
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Anonymous
Very good overview of the weekly steel market.
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