15
May
17:25
Russia's REMZ finds a new owner: sources
Southern Russian Rostov electro-metallurgical works (REMZ) has been taken under the fellow Russian southern steelmaker Novorosmetal's management, sources close to the matter tell Kallanish.
REMZ has been going through a bankruptcy procedure after scrap supplier Lomprom Shakhty filed a petition, following an external management period of two years due to a series of financial defaults. It was expected that the mill will be taken over…
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Anonymous
Very good overview of the weekly steel market.
Anonymous