18
Jun
05:04
China's Xisco looks to raise new capital
According to Jiangxi Assets and Equity Exchange, XinSteel Company (Xisco) is aiming to attract investors. It plans to raise CNY 45.88 billion ($6.62 billion) in new capital, Kallanish notes.
The steelmaker has a history of sixty years in milling and smelting ores, and iron and steelmaking. It earned operating revenue of CNY 60 billion last year.
The group has capacity to produce 10 million tonnes/year of steel, ranging across plate, electrical …
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Anonymous
Very good overview of the weekly steel market.
Anonymous