15
Aug
16:13
Bhushan's bankruptcy overseer postpones quarterly results meeting
It is not being a good week for Indian steelmakers. As its national compatriot Electrosteel Steels reported yet another quarterly loss (see separate article), automotive steel specialist Bhushan Steel has had to cancel a meeting to approve its own unaudited results.
Bhushan is in the middle of bankruptcy proceedings (see Kallanish passim). It has been making a steady loss for several years since 2014 and its debts were called out by its lenders in June at almost…
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Anonymous
Very good overview of the weekly steel market.
Anonymous