04
Mar
10:08
Italy appoints two more commissioners for insolvent ADI
Acciaierie d’Italia (ADI) has been declared insolvent by the Milan tribunal due to “an absence of liquidity”, a tribunal document says. This officially triggers the procedure of special administration initiated last month and allows the state to inject into the company the necessary funds to guarantee production continuity.
Last month, the Italian government placed ADI into extraordinary administration, thereby passing control of the company from…
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Anonymous
Very good overview of the weekly steel market.
Anonymous