Latest news on China Imported Diecasting Steel markets

Shagang shareholder buys into Fangda Special Steel

Chinese financier Li Feiwen, the second largest shareholder in East China steel giant Jiangsu Shagang Co, has bought a near 8% share in Fangda Special Steel Technology Co, a maker of special steel springs, bars and other specialty longs chiefly for automotive applications and headquartered in Nancha

China's COFCO to take over Zhongyuan Special Steel

COFCO, China's top trading house of agri-products including grain, oil, and cotton, will take over a controlling 67.42% stake in Zhongyuan Special Steel Co from its existing shareholder - China South Industries Group Co (CSGC), a COFCO official confirmed on February 1.

China's steel mills' profit up 180% over Jan-Nov

China's steel mills and mini mills reported a combined Yuan 313.9 billion ($47.8 billion) profit over January-November, or a spiking 180.1% increase year on year, according to the latest release from China's National Statistics Bureau (NBS) on December 27.