18
Jan
12:06
Tubos Reunidos reduces debt
Spanish special seamless tube supplier Tubos Reunidos (TR) is reducing debt in compliance with its strategic plan, Kallanish notes.
The company has held an auction among the financial institutions holding convertible debt in shares, buying this at a discount. This resulted in a debt reduction of €107 million ($116.4m). In addition, TR has allocated €7.5m for repaying all special financing provided as Covid-19 support by the Spanish Credit Institute (ICO)…
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Anonymous
Very good overview of the weekly steel market.
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