28
Apr
16:41
Weglokoks proposes talks to acquire idled plate mill
Weglokoks has proposed negotiations with Walcownia Blach Grubych Batory (WBG)’s administrator over buying the idled heavy plate re-roller privately after it failed once again to sell at auction, according to local media reports.
The auction was due to take place last Friday but no companies paid the PLN 2 million ($500,000) deposit required to take part.
A private acquisition of WBG “…is the only way of restarting the rolling mill as s…
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Anonymous
Very good overview of the weekly steel market.
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