03
Dec
00:00
Nuova Siderurgica Modenese looks for solution to debt problems: Union sources
Italy's Nuova Siderurgica Modenese (NSM), a steel service centre based in Modena, is currently negotiating with its creditors to reach a settlement over the company's debts, Kallanish learns from trade union sources. The company owned by 65% by the Severi family and 35% by China’s Baosteel.
According to the union, the company has around 100 days either to find an investor or another solution to solve the current financial situation. NSM’s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous