10
Jun
01:00
Boomerang Tube seeks bankruptcy protection
US OCTG and line pipe producer Boomerang Tube has filed for chapter 11 bankruptcy protection, Kallanish learns from court documents. Headquartered in Missouri, the company operates two ERW mills with 360,000 tons/year of capacity outside of Houston, Texas.
Among the top creditors listed on the filing are Nucor Corp (owed $17.49 million), Daewoo International ($3.13m), Pinnacle Machine Works ($2.48m), Patterson Tubular Services ($2m), and ArcelorMittal and AM…
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Anonymous
Very good overview of the weekly steel market.
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