15
Jan
14:23
Swiss Steel denies aid offers from government, shareholder
Swiss Steel Group says its financing is secured and reiterates its plans for restructuring, which involve a spin-off of assets it considers to be non-core.
In a statement seen by Kallanish, the group rebuffs media reports that suggest the steelmaker is in dire financial straits, and that the Luzern state government and one main stakeholder are considering support.
The Luzerner Zeitung quotes Martin Haefner, owner of a 33% shareholding in Swiss Steel, as saying he…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous