12th Rare Earth Summit

May 21-22, 2020
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

May 14-15, 2020
Hangzhou, Zhejiang, China

9th Magnesium Summit

April 9-10, 2020
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

Mar 12-13, 2020
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Daye Special Steel completes the acquisition of Xingcheng Special Steel

2019-08-27 15:44:59  【Print】
Daye Special Steel announced on late August 26 that the company has completed asset transfer of the acquisition for 86.Asian Metal Copyright .Asian Metal Copyright5% share of Xingcheng Special Steel under CITIC Pacific.Asian Metal Copyright .Asian Metal Copyright The deal, valued about RMB23.Asian Metal Copyright The deal, valued about RMB23.Asian Metal Copyright2 billion (USD3.Asian Metal CopyrightDaye Special Steel announced on late August 26 that the company has completed asset transfer of the acquisition for 86.Asian Metal Copyright24 billion), was finished in eight months.

Xingcheng Special Steel is one of the largest professional special steel production bases in China, ranking the top around the world in output and sales of high-standard bearing steel and accounting for over 80% in Chinese market. The company is the second to no one in output and sales for steel used in automobile parts, accounting for over 65% in Chinese high-end automobile steel market.Asian Metal Copyright After the restructuring, the listed company will see its annual production capacity expanding to 13 million tons and a double increase of asset scale.Asian Metal Copyright After the restructuring, the listed company will see its annual production capacity expanding to 13 million tons and a double increase of asset scale.
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