07
Aug
01:00
Sangang consolidates hold over Fujian
China's state-owned Sanming Steel Group (Sangang), the largest steelmaker in the south eastern province of Fujian, says it will acquire Sanjin Steel. The company adds that the group will make the acquisition rather than its listed arm, Sangang Minguang, because of its weak financials.
Minguang recently warned that it was likely to report a net loss in the region of Yuan 40.3-52.7 million ($4.5-6.5m) over the first half of this year. It will still enjoy u…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous