04
May
01:00
New Haixin restructuring plan expected in late May
Bankrupt Chinese steelmaker Haixin Iron and Steel could receive a new lease of life when a new restructuring plan is released later this month. The local government of Yuncheng city in Shaanxi province appears to have cleared one major hurdle to investment by saying new strategic investors will not have liability for Haixin’s debts, Kallanish notes.
The main purpose of finding investors is to resume operations at the idled 6 million tonnes/ye…
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Anonymous
Very good overview of the weekly steel market.
Anonymous