21
Dec
08:00
Chonggang to acquire Clong Logistics for steel base
Chongqing Iron & Steel (Chonggang) plans to realise full control over Chongqing Xingang Changlong Logistics (Clong Logistics) through the purchase of 72% of its equity. Chonggang says this is to support construction of its 10 million tonnes/year capacity steel base Kallanish notes.
The 72% equity involved has been officially listed on the Chongqing United Property Rights Exchange. Of the total shares, 60% and 12% are owned by Chongqing…
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Anonymous
Very good overview of the weekly steel market.
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