24
Apr
13:09
Supplier problems hamper Siddiqsons Tinplate CR-mill project
Siddiqsons Tinplate (STPL) says the supplier of its prospective cold rolling mill was unable to meet its commitments within the agreed timeline. The Pakistani producer still intends on moving forward with its entry into cold rolled coil production once it finds another supplier or renegotiates with existing supplier New Metallurgy Hi-Tech Group Company.
STPL says its advanced payment to the Chinese technology provider was secured against performance-based bank gua…
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Anonymous
Very good overview of the weekly steel market.
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