10
Sep
15:11
BH Global completes disposal of Oman wire plant
Singapore’s BH Global has completed the disposal of its galvanized steel wire plant in Oman. Gulf Specialty Steel Industries (GSSI), in which BH has a 51% stake, has sold its assets for OMR 1.9 million ($6.71m). The funds will be used to repay partially the outstanding loan due by GSSI.
The stake in GSSI was held through BH Global’s fully-owned Global Steel Industries (GSI) subsidiary. “The intention of the management of GSI and its joint ventu…
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Very good overview of the weekly steel market.
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