09
Dec
00:00
Local government pushes for Haixin restart
China’s Haixin Iron and Steel belatedly became the first major bankruptcy during the current downturn in November, even if it failed to usher in the wave of closures some were predicting. Now it is clear that the local government of Yuncheng city in Shanxi province has not given up on its goal of restarting Haixin’s operations despite the weak steel market.
The Yuncheng local government has contracted the China Metallurgical Planning and Research…
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Anonymous
Very good overview of the weekly steel market.
Anonymous