Hints and tips:
...Other manufacturing companies imported slab, semi-finished flat chunks of steel, as well as rebar, rods used to reinforce concrete in construction projects....
...Li is chairman of CMC Capital Partners, which holds an 8 per cent stake in CFG, and is reportedly also a member of the Chinese Communist Party....
...Gupta is the highly acquisitive industrialist who has been dubbed Britain’s “saviour of steel” for his acquisitions of unloved metals plants....
...Gupta’s sprawling metals conglomerate, which includes Britain’s third-largest steel producer and numerous plants in Europe and Australia, has been rocked by the collapse of Greensill....
...Get in touch with us anytime: Due.Diligence@ft.com....
...Smart reads Precarious metals Mike Nowak’s precious metals trading desk was a diamond fixture in JPMorgan’s crown, until one of his former employees turned on him and told US authorities about systemic...
...But first it would sell those same plants the steel to make the pipes — at a huge mark-up from the price it had paid for the metal....
...“Aside from the occasional Norwegian death metal band, this is very safe,” says Brian Wieser, an analyst at Pivotal Research....
...Andrew Zoryk, managing director of Accenture’s metals practice....
...Within this, 29 have been in the oil and gas industry, 12 were in metals, mining and steel and one was a utility company....
...Allegheny Technologies , the speciality metals producer, added 4.6 per cent to $33.25, while United States Steel rose 4.4 per cent to $21.61....
...Ma Zhongpu, a former Anshan engineer who is now a senior steel analyst at U Metal, says: “All Chinese steel companies have realised they need to “go out” to develop....
...Sinosteel’s efforts to reach 100 per cent of its target could also be blocked by Murchison’s largest shareholder – Harbinger Capital Partners which holds a 9 percent stake....
...The blog cites three examples of X-ified companies: NYX (the New York Stock Exchange), XOM (Exxon-Mobil) and, the boldest of them all, US Steel, which lists under the single X character....
...On Thursday the US oil producer said it had received a waiver from merger partner Chevron that will allow it to talk to CNOOC....
...Market sources named Disney, the US entertainment giant, as a possible counter bidder....
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