28
Sep
08:39
Celsa creditors present restructuring plan to court
Creditors of Spanish electric arc furnace-based steelmaking group Celsa submitted a restructuring plan to a court in Barcelona on Monday, Kallanish learns.
According to a statement issued by the creditors, the restructuring plan aims to "provide a comprehensive solution to Celsa´s financial situation, reducing its indebtedness by €1.29 billion [$1.24 billion] through the capitalisation of the convertible debt and part of the jumbo debt". The p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous