Du Shuanghua’s History with Rizhao Steel Rizhao Steel made a deal with Mount Gibson in 2007 in which Rizhao promised to procure approximately 1.5 million tons of ores from Mount Gibson each year. The business was thriving, but only two years later, Shandong Steel Group attempted an aggressive takeover of Rizhao Steel. Du Shuanghua, a successful Chinese businessman, attempted to […]
Rizhao Steel’s CEO Du Shuanghua sold the company in 2010 after being publicly traded since 2007. The decision was made after difficulty in the Chinese steel industry and the lack of government interest in this field. We will look at some of Du’s key factors that led to his decision and what followed in the following article. Du became increasingly […]
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