27
Feb
15:12
Altifort loses Ascoval, pressure mounts to find buyer
The French authorities have been given a month to find a new buyer for the Ascoval steelmaking plant by a Strasbourg tribunal. This follows Altifort's failed acquisition bid due to a lack of funding (see Kallanish 25 February).
Ascoval, based in Saint-Saulve, has been in trouble since Asco Industries, owner of 60% of the mill (40% controlled by Vallourec), filed for bankruptcy. Asco was then acquired by the Swiss-headq…
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Anonymous
Very good overview of the weekly steel market.
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