Chinese company Jingye Group announced on Monday that it has taken over British Steel in a rescue bid, securing the immediate future of the Scunthorpe steelworks and promising a sustainable chapter for the industry.

Chinese steelmaker Jingye Group on Monday completed the acquisition of British Steel's business and assets in Britain and the Netherlands, said the Chinese steelmaker in a statement.

Vietnamese steelmakers were in need of State support to minimise the damage caused by the outbreak of the novel coronavirus disease (COVID-19), which could well reach a pandemic as dozens of countries reported new infections, said industry leaders and experts.

ferro-alloys.com:Steel Output of China may increase after February

ferro-alloys.com:Steel Output of China may increase after February

ferro-alloys.com:Steel Output of China may increase after February

[Ferro-Alloys.com] The reduction in the consumption of mined products that the coronavirus was causing would likely result in a drastic fall in prices, Menar MD Vuslat Bayo?lu said on Monday.

[Ferro-Alloys.com] ASSORE is to bring the curtain down on 70 years as a publicly listed company announcing today a R7.8bn buy-back of shares held by minority shareholders – a historic moment for the bulk minerals firm motivated by the low level of liquidity ...