07
Sep
14:07
Kardemir seeks arbitration against Noble Resources
Turkish integrated long steelmaker Kardemir says it has applied for commencement of arbitration against its raw material supplier Noble Resources International Pte Ltd for the amount of $33.6 million.
Notice of arbitration has been submitted to Hong Kong International Arbitration Centre as of 5 September, the Borsa Istanbul-listed steelmaker says in a bourse filing.
Kardemir declined to provide details when contacted for comment by Kallanish. Detai…
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Very good overview of the weekly steel market.
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