Shandong Iron and Steel Group Rizhao Co., Ltd. (hereinafter referred to as "Shandong Iron and Steel Rizhao"), a subsidiary of Shandong Iron and Steel Holdings, is introducing strategic investors. On December 9th, Shandong Iron and Steel announced that in order to attract strategic investors and further enhance the core competitiveness of Shandong Iron and Steel Rizhao, Shandong Iron and Steel Group Co., Ltd. (Shandong Iron and Steel Holding Shareholder, hereinafter referred to as "Shandong Iron and Steel Group") plans to transfer its 48.6139% equity in Shandong Iron and Steel Rizhao to Baosteel Co., Ltd. According to the evaluation report, the pre assessed value of all equity of shareholders of Shangang Rizhao is 23.567 billion yuan, and the expected transfer price of 48.6139% equity of Shangang Rizhao is 10.703 billion yuan. Shandong Iron and Steel intends to agree to the equity transfer and waive the right of first refusal.

Beijing, December 22 (Wang Mengyao) - The 2024 China Steel Demand Forecast released by the Metallurgical Industry Planning and Research Institute shows that the decline in China's steel demand will slow down next year.

Beijing, December 22 (Xinhua) -- The 2024 global steel demand forecast released by the China Metallurgical Industry Planning and Research Institute on December 22 shows that the global steel consumption in 2023 is expected to be 1.77 billion tons, a year-on-year decrease of 1.3%; The global demand for steel in 2024 is expected to be 1.78 billion tons, with a year-on-year increase of 0.8%.