18
Nov
11:58
Dunaferr nears insolvency amid ongoing investor search
Hungarian flat steelmaker ISD Dunaferr is close to insolvency and in need of a strategic investor to help it restructure, an informed source tells Kallanish.
The company declined to comment.
Dunaferr management said in May it hopes to finally secures a strategic investor following a period of searching that has included a number of due diligences (see Kallanish passim). This investor should be an experienced steelmaking group with captive raw materials, it said. …
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Very good overview of the weekly steel market.
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