18
Feb
11:56
Finance charges continue to hit Electrosteel Steels
India’s Electrosteel Steels (ES) has made yet another significant quarterly loss, Kallanish notes. The bankrupt steelmaker continues to limp along, laden with debt and without a resolution to its financial problems.
As with its fellow troubled steelmaker Bhushan Steel, the company remains in the hands of the so-called resolution professional (RP), appointed by the court to preside over its business until a solution is found. The RP has been overs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous