02
Sep
04:25
Hebei and Jiangsu steelmakers face bankruptcy
Two Chinese steelmakers have announced bankruptcy. One is Hebei Delong Casting Industry Development Company under Delong Group, and the other is Jiangsu Longyuan Iron & Steel, Kallanish notes.
The first creditors’ meeting for Delong Casting will be convened on 20 November. Because of poor management in recent years, the company continues to lose money. In the latest audit, it had assets worth CNY 1.87 billion ($261.66 million) and debts …
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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