01
Jul
08:23
Baowu pushes direct control of Chonggang
China Baowu Group (Baowu) was still performing internal decision-making and approval procedures as of 29 June 2020, Kallanish notes. This is according to documents published by the board of directors of Chongqing Iron & Steel (Chonggang).
In December 2019, Chonggang stated that Baowu intends to directly control Chonggang rather than through current owner Siyuanhe Fund, which is part-owned by Baowu (see Kallanish passim). The proposed transaction betw…
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Anonymous
Very good overview of the weekly steel market.
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