03
Nov
09:03
Hanggang lowers iron capacity listing price
China’s Hangzhou Iron & Steel (Hanggang) is offering its 835,000 tonnes/year of iron capacity, due for exchange on 14 November, according to the Zhejiang Property & Stock Exchange.
The listing price is CNY 384.768 million ($52.6m), implying an average price of CNY 461 per tonne/year of steel capacity, Kallanish notes.
Interested parties must complete the registration and deposit payment by 5:00pm on the date of expiry of the disclosure period. The b…
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Very good overview of the weekly steel market.
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