Baosteel secures overseas nickel assets
With this deal, Baosteel will secure Desheng Nickel's overseas nickel assets and 70 percent of total shares in the company.
China Knowledge reported that Shanghai Meishan Iron & Steel Co, a unit of Baoshan Iron and Steel also known as Baosteel plans to issue CNY 500 million worth of 365 day unsecured bills and CNY 500 million MTN with a maturity of three years on the interbank market on May 3.