03
Jun
01:00
Jordanian re-roller gears up for July restart after securing new investor
Distressed Jordanian re-roller National Steel Industry Company (NSIC) is set to resume its rebar mill in July. This happens after a fund injection from a new strategic partner saved the firm from liquidation, according to local press reports.
The company received loans from Nasri Al Mufleh & Partners Trading Company and Jordan Enterprise Development Corporation (Jedco) to settle its debt with creditor Arab Bank, which had previously mulled putting NSIC u…
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Anonymous
Very good overview of the weekly steel market.
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