18
May
13:49
Tree Island Steel decreases credit limit
The Vancouver-based wire producer Tree Island Steel has completed the renewal of its revolving banking facility with Wells Fargo, lowering its three-year revolving credit line from CAD 80 million ($59.4m) to CAD 35m. Kallanish understands that the company expects for minimal usage of its banking facility due to the positive cash flows generated from the sale of its Etiwanda facility. Tree Island announced the early termination of its lease for the Etiwand…
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