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12 Aug
12:44

Paraguay's Acepar faces fine for tax evasion

The future of steelmaker Aceros del Paraguay (Acepar) has become more uncertain, Kallanish notes. After the cancelation of the 20-year concession agreement with China`s Henan Complant Mechanical & Electrical Equipment Group (HCME) to run the mill on 13 February, the steelmaker is now facing a new legal process. This comes after the National Customs Office (DNA) decided to fine Acepar $21.1 million for tax evasion on iron ore shipments bet…
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