26
Feb
12:20
ArcelorMittal expects quick resolution to Jubail default
ArcelorMittal does not expect lenders to call in loans given to its Jubail joint venture pipe mill despite the Saudi plant being technically in default since end-2018.
The Jubail plant is in default “… due to the failure of other shareholders to provide requisite equity funding” by end-2018, ArcelorMittal says in a report seen by Kallanish. “ArcelorMittal is working with the other shareholders in the joint venture to resolve the situatio…
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Anonymous
Very good overview of the weekly steel market.
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