18
Jul
05:36
Hunan Valin swaps steel for finance, energy
Central China’s Hunan Valin Steel plans to swap its steel business for financial and power generation assets. Valin expects to transform itself into a future state-owned capital operation platform, Kallanish notes.
According to restructuring guidance released on 17 July, Valin will entirely dispose of its subsidiaries related to steel and replace them with energy assets, Fortune Securities and other financial businesses. This restructuring move may no…
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Anonymous
Very good overview of the weekly steel market.
Anonymous