08
Jun
05:06
China's Valin shifts steel assets to parent company
China’s Hunan Valin Iron & Steel Limited Company plans to sell its steel assets to its parent company Hunan Valin Group. It intends to take control of financial and power assets from both the group and from Hunan Caixin Financial Holding Group, according to a framework agreement signed on 7 June, Kallanish notes.
The move will leave the province's steelmaking capacity firmly in the hand of local government while improving the share price of the str…
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Anonymous
Very good overview of the weekly steel market.
Anonymous