23
Jul
01:00
Canada's Algoma restructures debt, files for creditor protection
Canada's Essar Steel Algoma has restructured its loans in an agreement with Indian investor, Essar Global Fund Ltd (EGFL), the company's parent, as well as with the holders of over 70% of Algoma’s 9.875% senior unsecured notes, or debts, informed sources tell Kallanish .
The Canadian steelmaker based in Sault Ste Marie, Ontario, is a fully-integrated producer of hot and cold rolled steel, including sheet and plate.
The latest agree…
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