Tangshan Steel takes 10% stake in Duferco Trading

Mar 27, 2013 | 01:02 PM | Elfi Middelbeek

Tags  Tangshan Iron & Steel, Duferco International Trading, steel trading, Hebei Iron & Steel, Elfi Middelbeek

LONDON — Chinese steel producer Tangshan Iron & Steel Co. Ltd. has agreed to buy a 10-percent stake in Duferco International Trading Holding SA, a spokeswoman for the trader confirmed March 27 to AMM sister publication Steel First.

The deal between Duferco and Tangshan, a subsidiary of the world’s second-largest steel producer, Hebei Iron & Steel (Group) Co. Ltd., includes agreements on the marketing of steel products, the sourcing of raw materials and technical support for plants.....

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