02
Mar
17:07
Russia's Novorosmetal acquires REMZ
Russian scrap-based coastal billet and rebar producer Novorosmetal has acquired a fellow Russian coastal mini-mill Rostov electrometallurgical works (REMZ) for RUB 6.5 billion ($97.7 million). This is according to Russian Unified Register of Bankruptcy data released in a notice on Monday. monitored by Kallanish.
Novorosmetal took over the management and running of the mill in spring last year, after REMZ has been declared a bankrupt and its former owner Vadim…
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Very good overview of the weekly steel market.
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