11
Oct
11:02
Red October gets new owner, eyes pre-crisis output
Russian JSC RSL Group has completed the acquisition of shares in Krasny Oktyabr (Red October) Steelworks, the steelmaker says.
The new owner will directly manage the steel enterprise and corresponding changes have been made to the Unified State Register of Legal Entities.
However, Red October is still in bankruptcy proceedings. In accordance with the legislation on bankruptcy, after the property inventory procedure and the formation of the bank…
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Anonymous
Very good overview of the weekly steel market.
Anonymous