22
Sep
16:17
Troubled Liepajas Metalurgs enters administration
Idled Latvian long steelmaker KVV Liepajas Metalurgs (KVVLM) has been declared insolvent by Liepaja Court, with Guntars Koris appointed as the firm’s administrator, a Latvian privatisation agency spokesman confirms to Kallanish.
Guntars Koris did not respond to requests for comment. However, he told local media that he intends to find a buyer for KVVLM as a whole, rather than selling its assets separately. It will take around two months to conduct an inven…
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Anonymous
Very good overview of the weekly steel market.
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