05
Feb
12:36
Essar Algoma bemoans Essar Global Fund intervention
The saga around the restructuring of bankrupt Canadian steelmaker Essar Steel Algoma, based in Sault Ste Marie, rumbles on. As the company attempts to restructure and find new funding, it is being hampered by actions by former owners Essar Global Fund Limited (EGFL) it says.
Following its bankruptcy, the Algoma operation in February 2015 launched a sale and investment solicitation process (SISP) “… to elicit the optimal restructuring outcome for Alg…
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Anonymous
Very good overview of the weekly steel market.
Anonymous