Chongqing-based Chinese steel producer Chongqing Iron and Steel Co. (Chongqing Steel) has announced that as of October 10 it has received applications from 1,450 creditors for debts totaling RMB 38.367 billion ($5.8 billion), while it has preliminarily confirmed that it owes a total of RMB 35.64 billion ($5.4 billion) to 1,375 of these creditors.
Meanwhile, a part of properties owned by Chongqing Steel has been on sale via public auction since September 30.