20
Nov
10:21
Malaysian steelmaker defaults
Malaysia’s Lion Diversified Holdings has now seen defaults at three of its subsidiaries because of the market downturn, according to local media. The default come as Malaysian steelmakers struggle with a slowing local economy and the global market downturn, Kallanish notes.
The existing defaults are on bonds from Excel Step Investments, a letter of credit facility at steel trader Graimpi and working capital facilities at Lion DRI, according to The Star. Li…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous