11
Sep
06:58
Tisco Stainless targets raw materials acquisition
Taiyuan Iron & Steel Stainless (Tisco Stainless) has reported to the Shenzhen Stock Exchange that the listed company has signed a cooperation agreement with Linyi Xinhai Technology Company (Xinhai). Tisco Stainless earlier announced its net profit had jumped by 315% year-on-year to CNY 2.8 billion ($408 million) in the first half of 2018. These profits could help fuel the acquisition, Kallanish notes.
The auditors hired by Tisco Stainless…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous