16
Dec
00:00
Longhai Steel creditors troubled as accounts deemed chaotic
Hebei’s Longtai Steel Group idled its last blast furnaces in February, but creditors are turning up the heat as they struggle to recoup their cash from a troubled restructuring process, The Beijing News reports. The mill, a 2 million tonnes/year steelmaker in Xingtai, had its capacity approved by the Ministry of Industry and Information technology (MIIT), meaning it should have access to support and some protection from environmental fines. It seems however t…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous