30
Apr
05:27
Xingcheng Special relocates steel production base
Xingcheng Special Steel, a subsidiary of China's CITIC Group, needs to complete its relocation and demolish the old production base by the end of July 2020. This is in accordance with the requirements of the Jiangyin Municipal Government, Kallanish notes from CITIC's public documents.
According to the assessment by the appraisal agency, the fixed assets that Xingcheng Special Steel needs to relocate are worth CNY 958 million ($135.72m). The local gove…
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Very good overview of the weekly steel market.
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