EIJING (Dow Jones)--Chinese steelmaker Shougang Corp. (SHGG.YY) said Friday another bidder is competing with its offer to take a stake in Australian iron ore project from miner Mount Gibson Iron Ltd. (MGX.AU)
Zhu Jimin, chairman of Shougang Corp., declined to say who the new bidder is, but he said Shougang regarded the competition as "a problem."
In remarks to reporters, Zhu said that the company was open to investing in other Chinese steel producers, and that a number of local firms had already approached Shougang about helping them restructure.
-Zheng Xiaolu contributed to this article, Dow Jones Newswires; 8610 6588-5848; [email protected]
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Last
38.5¢ |
Change
0.005(1.32%) |
Mkt cap ! $454.4M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.0¢ | 38.0¢ | $708.8K | 1.836M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 288775 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 587578 | 9 |
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| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| MGX (ASX) Chart |