22
Jun
08:18
Acciaierie Venete secures lease for Leali Steel
Local authorities have accepted the bid from Italian steelmaker Accierie Venete to take control of the assets of Leali Steel, the special steelmaker in administration, Kallanish learns from sources. This follows a long process of negotiation.
Acciaierie Venete is now set to lease Leali's steelmaking and rolling plants for a period of one year at a cost of €1.1 million ($1.23m). It will also retain a pre-emptive right to acquire the assets…
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Anonymous
Very good overview of the weekly steel market.
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