05
Sep
10:26
Dongbei delays financial disclosure due to debt restructuring
China’s Dongbei Special Steel has delayed the release of its first half results due to ongoing debt restructuring work, according to a statement from Chinamoney. Following several defaults, there is still a long way before Dongbei resolves its debt issues, Kallanish notes.
State-owned Dongbei reported its seventh default on interest payments in July (see Kallanish 22 July) totalling nearly CNY 4.8 billion ($718.6 million). Thereafter it received …
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Anonymous
Very good overview of the weekly steel market.
Anonymous