16
Nov
06:26
Xining Special Steel to sell mining subsidiary
Xining Special Steel has announced to the Shanghai Stock Exchange that it will sell iron ore, copper and zinc subsidiary Dulan Mining. Xining SS says this is part of its business restructuring ad increased focus on steelmaking. It was named by Bloomberg earlier this year as the Chinese company most likely to default on bonds by the end of 2016, Kallanish notes.
The company website shows the company sits on reserves of 12.11 million tonnes of iron ore with an ave…
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Anonymous
Very good overview of the weekly steel market.
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