02
Mar
11:18
Ahmsa’s restructuring advances, secures investors
Altos Hornos de México (Ahmsa) continues to work on its financial restructuring, Kallanish notes. The company confirmed on Wednesday that Mexico’s Grupo Acerero del Norte (GAN), which controls the steelmaker, has reached an agreement to sell the majority portion of its 64% stake in the company to a group of foreign investors.
“The deal was sealed on 20 February and contemplates an initial funding of $200 million as working capital, to normalise …
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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