07
Dec
20:44
Magnetation seeks approval for sale
US iron ore producer Magnetation is seeking approval from a US bankruptcy court to divest its remaining assets to ERP Iron Ore, Kallanish learns from a company release.
The troubled former AK Steel venture settled with its creditors for $32 million in October due to unfulfilled iron ore pellet purchase agreements.
"After nineteen months under bankruptcy protection, we are pleased to have reached this important milestone supported by a wide coalition of t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous