08
Apr
05:51
Tewoo Group postpones loan repayment
China's Tewoo Group applied to postpone repayment of a loan on 5 April due to tight liquidity, Kallanish notes.
This incident may impact on its finances and therefore its trading capacity. According to its financial report, by the end of the third quarter in 2018, it had total assets of CNY 245.68 billion ($36.58 billion), but total debts of CNY187.83 billion. Its debt ratio was 76.45%.
The Tewoo Group was set up in Febr…
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Very good overview of the weekly steel market.
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