Dong Ling Group (Chinese: 东岭集团) is a conglomerate in the mining, metallurgy, and coking industries. Dong Ling is the largest steel trader and zinc manufacturer in Western China.
Native name | 东岭集团 |
|---|---|
| Industry | Mining, metallurgy, and coking |
| Headquarters | Shaanxi, China |
| Products | Steel and zinc |
It declared bankruptcy in late July 2024 as a result of slowing sales of rebar and weaker steel prices due to a slowing real estate market in China. It is unclear if the bankruptcy is for reorganization or for going out of business.[1]
출처 : Businesskorea(https://www.businesskorea.co.kr)
References
edit- ^ https://www.businesskorea.co.kr/news/articleView.html?idxno=223433 The situation has been exacerbated by the bankruptcy of China's largest construction steel company, Dongling Group, at the end of July. By the end of last month, the price of construction rebar in several regions fell below 3,000 yuan per ton for the first time since 2017, sending shockwaves through the industry. A survey conducted by Chinese market research firm Mysteel this month revealed that only 5% of Chinese steel companies reported being profitable. 출처 : Businesskorea(https://www.businesskorea.co.kr)
External links
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