21
May
10:41
Millcon Steel negotiates extensions after debt default
Thai steel producer Millcon Steel Public Company Limited (Millcon Steel) reported a debt default to the Stock Exchange of Thailand (SET) last Friday.
The repayment of principal and interest to financial institutions was due during the first quarter of 2024. However, Millcon Steel defaulted due to the delayed receipt of payment for goods, Kallanish learns.
Millcon Steel has already started negotiating with financial institutions to request a waiver, it s…
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Anonymous
Very good overview of the weekly steel market.
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