09
Sep
04:09
Valin plans to control Yangchun New Steel
Valin Xianggang under Valin Iron & Steel has released a plan to take control of sister company Yangchun New Steel (Yangsteel) in Guangdong Province, in order to avoid horizontal competition, Kallanish notes.
Valin Xianggang is preparing to purchase 51% of the stock of Yangsteel for CNY 1.66 billion ($234 million). Yangsteel was previously a subsidiary under Valin Group. Valin Group stated in 2017 that it will make Yangsteel into a listed …
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Anonymous
Very good overview of the weekly steel market.
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