07
Mar
14:08
Indian distressed asset acquisition leveraging seen low
The acquisitions of distressed Indian steel plants are unlikely to be significantly leveraged as most will be financed by sustainable debt, while strong end-use demand growth will support profitability. So says India Ratings and Research (Ind-Ra).
Insolvent steel firms such as Essar Steel, Bhushan Steel and Monet Ispat have garnered interest from Indian steel majors, JSW Steel, Steel Authority of India and Tata Steel.
Ind-Ra says the financial obligations inv…
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Anonymous
Very good overview of the weekly steel market.
Anonymous