12
Apr
11:37
China Railway Materials asks for bond suspension
China Railway Materials Company (CRMC) has asked for trading in its bonds to be suspended to give it time to restructure its debts. The centrally state-owned company is reportedly the first to do so. It is a reminder that the temporary spike in prices at the start of the year is not an answer to the steel sector’s massive debt burden, Kallanish notes.
“In recent years, China Railway Materials’ business scale has shrunk continuously while profit…
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Anonymous
Very good overview of the weekly steel market.
Anonymous