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Bankruptcy & Restructuring

Reorganizations of companies; their operations and personnel; and their debts.

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Essar Steel Attracts Offer from World's Leading Steel Producer

12 Feb 2018 - ArcelorMittal has laid an offer on the table for distressed flat-rolled producer Essar Steel India, the company disclosed on Monday. 

Swiss Steelmaker Makes Prevailing Offer for Troubled French Company

29 Jan 2018 - A Swiss specialty long steel manufacturer has been named the preferred bidder for France’s Ascometal, according to the Reuters news service. 

Report: Steel Giants Team Up in Bid for Indian Manufacturer

29 Jan 2018 - Nippon Steel & Sumitomo Metal Corp. and ArcelorMittal are going in together on a bid for India’s Essar Steel, reports The (India) Economic Times. 

Offers for Bhushan Steel Stack Up

19 Jan 2018 - The interest in India’s ailing Bhushan Steel Ltd. appears to be piling up. 

Canadian Bar Maker Put Up for Sale, Faces Potential Liquidation

18 Jan 2018 - Canadian special bar quality manufacturer Hamilton Specialty Bar (2007) Inc. was officially put up for sale on Thursday after one of its lenders called a CDN$27.5 million loan and forced it into receivership earlier this month. 

Kentucky Mini-Mill to Close Permanently

11 Jan 2018 - A Kentucky mini-mill intends to shut down permanently by the end of winter, putting 113 people out of work. 

Algoma Looks to Resume Labor Negotiations

08 Jan 2018 - Canadian steelmaker Algoma, which has been operating under creditor protection for more than two years, wants to return to the bargaining table with the United Steelworkers union and resolve the last major issue standing in the way of a restructuring, reports the online sootoday.com. 

ArcelorMittal Wades Deeper Into Solar Market

05 Jan 2018 - ArcelorMittal is acquiring the assets of a bankrupt manufacturer of solar farm trackers, the steelmaker has announced. 

New Owner of Stalled Taconite Project Prepares to Move Forward

28 Dec 2017 - The Essar Steel Minnesota project has emerged from Chapter 11 bankruptcy under new ownership and is firing new legal shots at would-be competitor Cleveland-Cliffs Inc., reports the Duluth News Tribune newspaper. 

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