18
Nov
00:00
Essar Steel Algoma refinances, reduces debt and interest expense.
Canada’s Essar Steel Algoma has completed a “comprehensive recapitalisation and refinancing of the company”, Kallanish learns. This has resulted in a reduction of debt and interest expense the company says.
The Ontario-based flat products producer, part of India’s Essar Steel group, has successfully raised a total of over $1.2 billion, it says in a statement. This includes equity of $466 million comprised of cash contributions, prefer…
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