26
Jan
11:26
Dongbu Steel sale in doubt as buyers bail
The sale of South Korea’s Dongbu Steel has been delayed after prospective buyer pulled out of the bidding process, according to local media reports. Dongbu, which was unable to fend off increasing debt burdens in better days, is viewed by many as no longer attractive in a market just coming off the back of a major investment binge, Kallanish notes.
Dongbu was forced into a restructuring and is now under the ownership of the Korea Development Bank, which is…
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