OREANDA-NEWS. March 15, 2012. The share trading of Chongqing Steel was suspended due to the proposal of a significant assets restructuring program by Chongqing Iron and Steel (Group), the controlling shareholder of the steelmaker.

A source familiar with the case said the parent company is considering injecting, properly through equity buying, new assets into the Shanghai-listed Chongqing Steel, in order to solve the issues associated with correlation transactions and horizontal competition.