TITLE

Ryerson Forms Venture with Chinese Company

PUB. DATE
October 2006
SOURCE
Metal Center News;Oct2006, Vol. 46 Issue 11, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Ryerson Inc. to expand its service center business in China. As part of the expansion, it has entered into a joint venture with Van Shung Chong Holdings (VSC). Under the terms of agreement, VSC will own 60 percent of the joint venture. Ryerson Inc., on the other hand, will contribute $28.5 million in cash for its initial interest of 40 percent.
ACCESSION #
23138648

 

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