24
Apr
16:34
REMZ enters bankruptcy proceedings again
Southern Russian steelmaker Rostov electro-metallurgical works (REMZ) is undergoing a bankruptcy procedure after being declared bankrupt earlier this month.
The region's commercial court was satisfied with scrap procurement company Lomprom Shakhty's request to start bankruptcy proceedings. The proceedings are to last six months and be used to repay the debt to the scrap supplier and other creditors.
REMZ has been under external management for the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous