30
Aug
14:33
Sail in talks to supervise Electrosteel operations
Steel Authority of India (Sail) is in talks to supervise operations and maintenance at Electrosteel Steels after being approached by the indebted long steelmaker’s lenders, Kallanish learns from Sail. However, no discussion has taken place of Sail taking over Electrosteel’s operations.
Earlier this year Electrosteel’s shareholders approved the Strategic Debt Restructuring (SDR) package agreed on by the Indian steelmaker’s creditors. This …
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Anonymous
Very good overview of the weekly steel market.
Anonymous