Announcement

Tuesday, January 4, 2011

Reorganization of 12 private steelmakers in 50 days by HBIS

It is reported that after reorganization of first five private steelmakers on November 11th 2010 HBIS quickly started the second round of restructuring work.

On December 31st 2010, HBIS signed joint restructuring agreement with seven steel mills via the model of “Progressive Equity

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