Essar negotiating with debt holders; delaying payment

Jun 17, 2014 | 03:59 PM | Thorsten Schier

Tags  Essar Steel Algoma, debt, flat-rolled, steel, Thorsten Schier

NEW YORK — Canadian flat-rolled steel producer Essar Steel Algoma Inc. has entered into confidential discussions with a number of its creditors, the company said June 17.

"The purpose of these discussions is to ensure a permanent capital structure for Algoma and to strengthen the balance sheet for the benefit of the stakeholders," the Sault Ste. Marie, Ontario-based company said.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results