20
May
18:00
Russian banks sue Mechel for outstanding debts
Russian state banks VTB and Sberbank have filed lawsuits against steelmaker Mechel for outstanding debts, Kallanish learns from Moscow Arbitration Court documents. VTB has filed a claim for RUB 1.9 billion ($38.1 million) and Sberbank for RUB 3.8 billion.
In mid-April, as reported in RIA Novosti, Mechel sent a proposal to Sberbank to try and resolve the debt problem. The head of Sberbank, German Gref, called Mechel’s plan “… a declaration …
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Anonymous
Very good overview of the weekly steel market.
Anonymous