02
Apr
02:34
China begins Jiugang Yicheng auction
The auction of China’s Yicheng Iron & Steel (Yigang)’s assets valued at an estimated CNY 830 million ($116.92m) began on 29 March. This is according to an announcement on the National Enterprise Bankruptcy Information Disclosure Platform.
The company is a subsidiary of Gansu Jiugang Hongxing Iron & Steel, which holds a 90% share. Yigang was declared officially bankrupt by the Yicheng city courts on 25 February (see Kallanish passim).
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Anonymous
Very good overview of the weekly steel market.
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