04
Sep
03:08
Jigang begins to auction off assets
China's Jinan Iron & Steel Flats Company (Jigang), part of Shandong Iron & Steel, has recently begun to auction a package of assets including one 3,200-cubic-metre blast furnace, Kallanish notes.
The asset package has a listed value of CNY 63.61 million ($8.86m) and the auction will continue until 17 September. In addition to the blast furnace with 2.67 million tonnes/year iron capacity, the material up for auction includes other machi…
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