02
Dec
03:41
Jinxi acquires more quotas for Fangchenggang
China Oriental Group has reportedly purchased 870,000 tonnes/year of iron and 1.35 million t/y of crude steel capacity quotas from Tianjin Tianzhong Steel, Kallanish notes from an announcement on the Hong Kong Stock Exchange.
The capacity was purchased for the Fangchenggang project of China Oriental subsidiary Jinxi Steel. The group is to pay CNY 1.158 billion ($165 million) for the quotas. China Oriental Group has a 97.6% shar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous