09
May
15:01
Valin Steel listed arm plans to absorb Yangang
Hunan Valin Steel is studying plans to take Yangchunxin Iron & Steel (Yanggang) into the assets of its listed arm. Since Yanggang net profits topped CNY 800 million ($126 million) in 2017, it has met one of the three conditions for the move set by local authorities.
Yanggang enjoyed continuous profits from 2015 to 2017, earning operating revenue of CNY 10.8 billion and net profit over CNY 800 million in 2017. It produced 3.2 million tonnes of finis…
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Anonymous
Very good overview of the weekly steel market.
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