19
Oct
14:08
ERP Iron Ore sells assets for $21.8m
Bankrupt US iron ore supplier ERP Iron Ore has shed its assets in Minnesota and Indiana, Kallanish learns from documents filed with the Minnesota Bankruptcy Court.
Mexican steelmaker Altos Hornos de Mexico will pay $15 million for the company’s Reynolds, Indiana, pellet plant, while Illinois’ PPL Acquisition Group will pay $6.8m for the Grand Rapids, Minnesota, mining assets.
A hearing for the sale is slated for 24 October, with the closing expect…
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Anonymous
Very good overview of the weekly steel market.
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