15
Dec
18:32
Optima Specialty Steel applies for chapter 11 protection
US steel umbrella company Optima Specialty Steel has filed for bankruptcy protection, according to court documents.
The company and its subsidiaries – Niagara LaSalle Corp, Michigan Seamless Tube, Kentucky Electric Steel and Corey Steel – are applying for chapter 11 protection to reorganize their debts while continuing to operate, Kallanish understands.
In the documents filed with a Delaware bankruptcy court, the company cites a “…per…
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Anonymous
Very good overview of the weekly steel market.
Anonymous