06
Feb
11:21
Valin offloads special steel subsidiary, reduces debt risk
China’s Hunan Valin Iron & Steel is transferring 100% of its stock and debt rights in Jiangsu Valin-Xigang Special Steel to two local restructuring funds. The total value of the transaction is CNY 2.325 billion ($369.31 million), according to the Hunan Daily.
The Xigang company profile shows it has capacities of 1 million tonnes/year of steel, 600,000 t/y of seamless pipe and 700,000 t/y of steel bar. The transfer deal is being done to reduce the …
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Anonymous
Very good overview of the weekly steel market.
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