Keywell suspends its scrap payments
Jul 03, 2013 | 04:50 PM
| Daniel Fitzgerald
NEW YORK Keywell LLC has hired an investment banker to pursue partners, financing or equity contributions as the company also suspended payments at all of its yards for scrap deliveries received on or before June 26.
The stainless and specialty steel scrap company confirmed to AMM earlier this week that it had temporarily closed processing facilities in Detroit, Atlanta and Chicago due to continued weakness in scrap demand (amm.com, July 1). ....
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