Chinese Stainless Merger Rejected

The proposed huge merger in the Chinese steel market has been blocked .The Fair Trade Commission (FTC)  rejected Yieh United Steel Corp’s (燁聯鋼鐵) proposal to take a more than 34 percent stake in Tang Eng Iron Works Co (唐榮鐵工廠) on concerns that the merger would undermine market competition, the Central News Agency reported yesterday. The FTC [...]