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
Mar 23, 2018 10:43
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.
Feb 02, 2018 18:30
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.
Dec 28, 2017 14:00
Imported diecasting steel prices: Shanghai