09
Feb
18:14
Essar could begin sale, investment plan by mid-February
Essar Steel Algoma could implement its bankruptcy emergence plan by mid-February, pending approval from an Ontario Superior Court judge.
Essar sought approval for its sale and investment solicitation process plan on 9 February. The company was originally slated to go before the court on 2 February, Kallanish notes.
An Essar spokeswoman said that the “… timing of a ruling is at the judge’s discretion.”
If the plan is approved, Essar…
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