24
Apr
15:01
Bankrupt Romanian wire producer readies for auction
Romanian steel wire producer Dan Steel, based in Beclean, which is in bankruptcy proceedings since the beginning of the year, is to be auctioned with a starting price of €25.9 million ($28.5m) plus VAT, Kallanish notes.
CITR Cluj Branch, together with Prime Insolv Practice, as judicial liquidators, are organising the auction on 28 April.
"We aim to attract potential investors to bring back to life this factory with a history of over 30 years, which…
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Very good overview of the weekly steel market.
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