10
Apr
14:15
Debt restructuring supports Celsa's 2023 profit
Spain-headquartered Celsa ended 2023 with a €459 million ($497.9m) net profit, Kallanish learns from the longs’ steelmaker. This was possible thanks to the debt restructuring process the new owners implemented after taking full control of the company last November.
“Without it [the restructuring process], we would have registered losses of €918 million in 2023, with a negative equity of €1.18 billion, due to accounting cautions detected …
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Anonymous
Very good overview of the weekly steel market.
Anonymous