10
Nov
00:00
Dutch Nedstaal relaunches production, following Andus acquisition
Independent steel producer Nedstaal has relit its electric arc furnaces, after a buyer was found for the Dutch company last month. The acquisition by Andus Group from Vianen has enabled Nedstaal to relaunch, after it halted production and declared bankruptcy on 17 October.
After just one week under new onwership, “the first batch successfully came out” on 2 November, according to an Andus statement. Almost 200 of Nedstaal's old employees have…
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Very good overview of the weekly steel market.
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