16
Mar
12:53
Observers question Ijmuiden force majeure, Tata asserts legitimacy
The legitimacy of Tata Steel’s force majeure declaration at Ijmuiden last month has been questioned by some European market observers due to it resulting from technical issues, although the steelmaker maintains it was the right thing to do.
Companies normally use the declaration sparingly, confining it to cases of “higher force”, meaning natural, political or technical occurrences that arise suddenly and cannot be influenced. Examples in recent y…
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Anonymous
Very good overview of the weekly steel market.
Anonymous