20
Oct
01:00
Dutch Nedstaal in administration, seeks new buyer
Dutch longs maker Nedstaal in Alblasserdam has gone into administration, because of outstanding debts.
A meeting last week established that the company could not meet its financial commitments alone, and that none of its shareholders were prepared to provide funding, according to a statement on Nedstaal’s website: Nedstaal has run out of money to continue production. The bankruptcy order was granted on 17 October, Kallanish understands.
Howe…
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Anonymous
Very good overview of the weekly steel market.
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