NOTE: No news updates over Sept 20-21 due to the Mid-Autumn Festival in China.
UTC+8 ( BJT)

Delong’s Tangshan steelwork mergers with Jiujiang Wire

ABSTRACT

Delong Group, a privately-owned Chinese steel producer with steel plants in Tangshan of Hebei and Tianjin, both in North China, will merge its steelworks in Tangshan with another local privately-owned wire rod producer - Qian’an Jiujiang Wire Rod Co (Jiujiang Wire) to help with “further integration of Tangshan steel industry”, according to the company releases on August 3-4.
The two steel companies held a formal meeting on July 31 to mark Jiujiang Wire’s taking a controlling stake in Tangshan Delong Iron & Steel Co (Tangshan Delong) - Delong’s Tangshan steelworks, Jiujiang Wireshared via itsWeChat official account on August 4. Tangshan Delong officials could not be reached for comment on

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