20
Jul
14:37
Romanian rebar producer dismisses workforce after acquisition suspended
Combinatul de Oteluri Speciale (COS) Targoviste plans to stop production indefinitely and dismiss around 1,200 workers after working capital was depleted and debts increased, according to the insolvent Romanian rebar producer’s administrator.
Earlier this year the firm had been on the verge of an acquisition by Laminorul Danube Metallurgical Enterprise, a recently-established company that is 90% owned by Polish industrial investor Sunningwell International P…
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Anonymous
Very good overview of the weekly steel market.
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