Tangshan Steel takes 10% stake in Duferco Trading
Mar 27, 2013 | 01:02 PM
| 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 worlds 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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