24
Oct
12:45
Dongbu's Iran deal in danger, sources suggest
South Korea’s Dongbu Steel has been forced to delay the sale of its idle EAF to Iran’s South Kaveh Steel amid concerns over the political environment, local media report. US president Donald Trump’s threats to request new sanctions on Iran could even lead to the deal being cancelled, Kallanish understands.
Dongbu is now controlled by its main creditor, the Korea Development Bank (KDB), which is trying to sell off the plant. After a failed aucti…
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Anonymous
Very good overview of the weekly steel market.
Anonymous