11
Apr
15:02
Monnet Ispat creditors approve JSW/AION bid
Monnet Ispat and Energy (MIEL)’s creditors have approved the joint resolution plan submitted by AION Investments and JSW Steel, the insolvent producer says in a note seen by Kallanish.
MIEL produces up to 1.5 million tonnes/year of plate, rebar and structural steel. It possesses its own iron ore mine and had been mulling the construction of a pelletising plant before it was referred into insolvency proceedings last June. In the Indian fiscal year through M…
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