11
May
11:27
Bankrupt Romanian wire producer liquidates assets
Romanian wire producer Dan Steel Group Beclean is having its assets liquidated as part of its bankruptcy procedure initiated in March, Kallanish notes. This came after the firm had been insolvent since June 2020 on account of the Covid-19 pandemic impact.
In 2021 the firm posted a 35% on-year drop in output to 28,089 tonnes, despite drawn and galvanized wire production each increasing. Wire rod feedstock is sourced from Ukraine, Italy, Poland, Belarus and Moldova.…
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Anonymous
Very good overview of the weekly steel market.
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