25
Nov
19:10
Sutor looks to exit steel export business
Diversified Chinese manufacturing firm Sutor Technology Group is seeking to sell its steel manufacturing and export business, Kallanish understands from a company release.
Sutor, which is traded on Nasdaq, is selling its steel business in response to global overcapacity and a slowdown in the Chinese economy, according to ceo Lifang Chen. The company exports value-added flat-rolled and pipe products to the US.
“In the past year, we gradually transitioned…
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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