29
Dec
16:26
Mesabi exits bankruptcy
Mesabi Metallics Company has officially emerged from bankrutpcy, Kallanish learns from a company announcement.
Formerly a project of Essar Steel Minnesota, Mesabi underwent a name-change, restructuring and a change of ownership to Chippewas Capital Partners before its plan was officially recognised by a federal bankruptcy court.
The project still carries an estimated $2.6 billion price tag before taconite production could begin – tentatively by 201…
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Anonymous
Very good overview of the weekly steel market.
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