05
Apr
11:28
Dongbu selects preferred bidder
South Koreas Dongbu Steel may have finally found a buyer after five years. A consortium led by the KG Group has been selected as preferred bidder for a controlling stake in the steelmaker, Kallanish notes.
Creditors attempted but failed to sell Dongbu in 2014 and 2017. Hyundai Special Steel took control of Dongbu’s special steel longs rolling mill in 2015. The remainder of Dongbu however began a five-year debt restructuring plan which is due to expire in 2…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous