Bohai Steel Group owns by the city government of Tianjin may be unable to make full repayment on RMB 192 billion debt. It’s reported that currently four subsidiaries of Bohai Steel all have in different level of crisis. 

Among them, Tianjin Pipe (Group) Corporation’s finance are requesting full payment before production for purchasing the steel billet; that means their liquidity is unable to maintain the raw material. And, the group’s steel rolled plant has stopped production after the Chinese New Year already.

• [Editor:Chen Zhen Seng]