06
Nov
03:53
Shougang Tonggang seeks debt restructuring
The Intermediate People's Court of Tonghua City in China’s Jilin province officially accepted the creditor's application for the reorganisation of steelmaker Shougang Tonggang on 4 November. This means that Shougang Tonggang has officially entered the bankruptcy reorganisation procedure, Kallanish notes.
Shougang said that the heavy debts that Tonggang has gathered over the years have severely restricted the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous