06
Mar
18:58
ArcelorMittal Jubail sales decline, awaits technical default
ArcelorMittal Jubail’s technical default remains pending completion. ArcelorMittal still does not expect lenders to call in loans given to its Saudi Arabian seamless pipe mill joint venture.
The mill completed the conditions necessary to clear the default, including the capital increase, prior to end-2019. The technical default relates only to the indebtedness of the joint venture and is not expected to affect the availability or maturity of any borrowings o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous