Baowu Group reached agreement with Shanxi State-owned Capital Operation Co Ltd on Friday to take a 51% stake in TISCO, a filing on the Shenzhen Stock Exchange by TISCO subsidiary Shanxi Taigang Stainless Steel said.
According to Baosteel Desheng Stainless Steel Co. Ltd., the company was working hard to optimize the overall plan and design project at present.
According to the report by Shanxi Taigang Stainless Steel, on the supply side, Chinese new stainless steel production capacity will reach 7.5 million tons.
The US International Trade Commission (USITC) voted to make an affirmative final ruling of anti-dumping on the imports of stainless steel flange from China, and the products imported from Ch