23
Oct
16:46
US processor LB Steel files for bankruptcy
US plate processor LB Steel has filed for chapter 11 bankruptcy protection, Kallanish learns from a company release.
The Chicago-based company attributed the filing to an on-going legal dispute with Walsh Construction over work done at O’Hare International Airport.
“As a result of expending significant amounts to defend the Walsh litigation and the threat of Walsh enforcing its judgment, LB Steel determined that it was unable to continue its busin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous