17
Jan
05:29
Dongbei Special Steel defaults on another bond
Dongbei Special Steel, which has been undergoing bankruptcy reorganisation since October 2016, has announced it has defaulted on another CNY 1.4 billion ($203.1 million) medium-term note from 2013, Kallanish notes. So far, since 28 March 2016, Dongbei Special Steel has defaulted on 10 bonds worth around CNY 71.7 billion before interest, according to China Securities.
Dongbei Special Steel is the biggest special steelmaker in northern China with 5 milli…
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Anonymous
Very good overview of the weekly steel market.
Anonymous