Report: Laiwu Steel Xinjiang to swap out capacity

Company News 11:37:17AM Oct 25, 2018 Source:SMM

Laiwu Iron and Steel Group will swap out its capacity in Xinjiang, some 1.35 million mt of steel-making capacity and 1.22 million mt of iron-making capacity, after it suspended operation for over three years, reported the National Business Daily earlier this week.

The steelmaker, a subsidiary of state-owned Shandong Iron & Steel Group, suspended operations in Xinjiang in 2015. It has already filed for bankruptcy liquidation for its branch in Xinjiang.

It was learned from Shandong Property Rights Exchange Center that Laiwu Steel offered 640 million yuan for the capacity.

Key Words:  Steel 

Report: Laiwu Steel Xinjiang to swap out capacity

Company News 11:37:17AM Oct 25, 2018 Source:SMM

Laiwu Iron and Steel Group will swap out its capacity in Xinjiang, some 1.35 million mt of steel-making capacity and 1.22 million mt of iron-making capacity, after it suspended operation for over three years, reported the National Business Daily earlier this week.

The steelmaker, a subsidiary of state-owned Shandong Iron & Steel Group, suspended operations in Xinjiang in 2015. It has already filed for bankruptcy liquidation for its branch in Xinjiang.

It was learned from Shandong Property Rights Exchange Center that Laiwu Steel offered 640 million yuan for the capacity.

Key Words:  Steel