Shangang's Rizhao works gets Yuan 4.1 billion new fund

Source: Mysteel Dec 27, 2017 10:06

The new integrated Rizhao steelworks under the Shandong Iron & Steel Group Co (Shangang) will be granted a total of Yuan 4.1 billion ($62 million) from its major shareholders mainly for its second-stage construction, a company official confirmed on December 26.

The new integrated Rizhao steelworks under the Shandong Iron & Steel Group Co (Shangang) will be granted a total of Yuan 4.1 billion ($62 million) from its major shareholders mainly for its second-stage construction, a company official confirmed on December 26. Shandong Iron & Steel Co, the Shanghai-listed arm