October 25, 2021 |
Mexico steelmaker Altos Hornos de México (AHMSA) plans to raise $1 billion in financing as part of its recapitalization plans, a company source told LatinFinance on Friday.
"We are working with other industrial and financial groups for a partnership or recapitalization for the $1 billion in gaps that was caused by government aggression," the source said.
AHMSA said Thursday that its subsidiary Minera del Norte could file for Chapter 11 bankruptcy under US law because it had to cut steam coal pro
Mexico steelmaker is in talks to fill a gap caused by "government aggression," source says