06
Jun
12:24
Steel Asia negotiates NSC debt reduction
Steel Asia in the Philippines is negotiating with banks and creditors to reduce the debt of National Steel Corp (NSC) before it buys the company, according to vice president Roberto Cola. Steel Asia is hoping to buy and revive the now defunct NSC, which would be the country’s only active blast furnace-based producer, Kallanish notes.
NSC has around PHP 8 billion ($161 million) in outstanding debts and liquidator Danilo Conception is representing creditors …
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Anonymous
Very good overview of the weekly steel market.
Anonymous