29
Sep
05:05
Sinosteel officially confirms debt-for-equity approval
Chinese state-owned steelmaker, trader and equipment manufacturer Sinosteel has officially confirmed that its debt-for-equity agreement has received approval from the State Council. However, the detailed debt restructuring plan has not been published yet, Kallanish notes.
Sinosteel Engineering & Technology (Sinosteel entec), a listed arm of Sinosteel, has also confirmed the approval. According to the announcement, Sinosteel will focus on metallurgi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous