Page 88 - Steel Tech India eMagazine Volume October 2021
P. 88
92/ Ć 12 Ć 2FWREHU
FRUSRUDWH HQWLW\ /LEHUW\ &DSLWDO WKH FRPSDQ\ VDLG LQ D DOXPLQLXP FRPSDQ\ RI *)* $OOLDQFH LQ 'XQNLUN DQG
PHGLD VWDWHPHQW WZR RWKHU HQWLWLHV DIWHU *XSWD¶V PHWDOV FRQJORPHUDWH
/68. ZLOO UXQ DV QRUPDO ZLWK IXQGLQJ IRU JURZWK LQ KDG GHIDXOWHG RQ RXWVWDQGLQJ ORDQV
ZRUNLQJ FDSLWDO DSSURYHG WKURXJK /LEHUW\ &DSLWDO ³7KLV 7DWD 6WHHO KDG LQ $SULO ODXQFKHG SURFHHGLQJV DJDLQVW
DUUDQJHPHQW ZLOO HQVXUH IDVW DQG HIIHFWLYH GHSOR\PHQW /LEHUW\ 6SHFLDOLW\ 6WHHOV /LEHUW\ +RXVH *URXS 37(
RI WKH
PLOOLRQ LQ LQLWLDO IXQGV LQ WKH 8. HQDEOLQJ DQG 6SHFLDOLW\ 6WHHO 8. DOO SDUW RI *)* $OOLDQFH RYHU
/68. WR UHVWDUW LWV RSHUDWLRQV ´ WKH VWDWHPHQW VDLG 7KH DOOHJHG PLVVHG SD\PHQWV IURP WKH DFTXLVLWLRQ
FDSLWDO LQMHFWLRQ IURP /LEHUW\ &DSLWDO ZLOO DOVR EH XWLOLVHG $ UHTXHVW E\ *)* WR WKH 8. JRYHUQPHQW IRU `
WR H[SDQG FDSDFLWLHV DW LWV *UHHQVWHHO 5RWKHUKDP PLOOLRQ WR VXSSRUW WKH 8. RSHUDWLRQ KDV EHHQ UHMHFWHG
HOHFWULF DUF IXUQDFH ³,QYHVWPHQW SODQV LQ 5RWKHUKDP E\ WKH JRYHUQPHQW
ZLOO ERRVW SURGXFWLRQ FDSDFLW\ LQFUHDVH HPSOR\PHQW
Liberty Steel UK Resumed Operations at Rotherham
DQG LQWURGXFH QHZ SURGXFWV ´ WKH FRPSDQ\ VDLG
EAF Mill
*XSWD IRXQGHU FKDLUPDQ RI WKH ELOOLRQ UHYHQXH
/LEHUW\ 6WHHO 8. DQQRXQFHG WKDW LW KDV UHVWDUWHG
*)* $OOLDQFH ZDV ILJKWLQJ KLV ELJJHVW EDWWOH WR VDYH
KLV PHWDOV WR HQHUJ\ FRQJORPHUDWH DIWHU LWV PDLQ OHQGHU SURGXFWLRQ DW LWV *5((167((/ 5RWKHUKDP HOHFWULF DUF
*UHHQVLOO &DSLWDO FROODSVHG DQG ILOHG IRU LQVROYHQF\ IXUQDFH 7KH UHVWDUW RI RSHUDWLRQV KDV EHHQ VFKHGXOHG
HDUOLHU WKLV \HDU WR WDNH SODFH GXULQJ QLJKW WLPH LQ RUGHU WR PD[LPL]H
HIILFLHQF\ DQG UHGXFH HQHUJ\ FRVWV $FFRUGLQJ WR WKHLU
7KH QHZ GHYHORSPHQW FRPHV DW D WLPH ZKHQ WKH 8.
UHSRUW WKH RSHUDWLRQV ZLOO UXQ IURP 30 WR $0
VWHHO LQGXVWU\ LV IDFLQJ D FULVLV RI KLJK FRVW GXH WR ULVLQJ
ZKHQ HQHUJ\ FRVWV DUH FRPSDUDWLYHO\ ORZHU
HQHUJ\ SULFHV $V SHU UHSRUWV JDV SULFHV KDYH ULVHQ
VLQFH -DQXDU\ SXVKLQJ XS FRVWV GUDPDWLFDOO\ IRU 7KH UHVWDUW IROORZV D UHFHQW
PQ IXQGLQJ IURP
8. VWHHOPDNHUV WKH SDUHQW FRPSDQ\ *)* $OOLDQFH DV SDUW RI LWV
0HDQZKLOH &UHGLW 6XLVVH $VVHW 0DQDJHPHQW &6$0 UHVWUXFWXULQJ DQG WUDQVIRUPDWLRQ SURJUDPPH 7KH
KDV DJUHHG WR D GHEW UHVWUXFWXULQJ SODQ IRU /LEHUW\ FRPSDQ\ SODQV WR UHDFK D FDSDFLW\ RI WRQQHV
3ULPDU\ 0HWDOV $XVWUDOLD /30$ 7KH GHDO ZLOO SURYLGH SHU PRQWK DW WKH HDUOLHVW ,W SODQV WR H[SDQG WKH SODQW¶V
D VWDEOH ILQDQFLDO SODWIRUP IRU /30$ DQG VHFXUH D ORQJ WHUP FDSDFLW\ VR DV WR XOWLPDWHO\ FUHDWH DW OHDVW D
UHFRYHU\ SODQ IRU FUHGLWRUV WKH FRPSDQ\ VDLG LQ D WZR PLOOLRQ WRQQHV SHU DQQXP RI VWHHO
PHGLD VWDWHPHQW
7KH UHVWDUW ZLOO UHVXOW LQ SURGXFWLRQ RI QHZ VWHHO
³7KH VWUHQJWK RI WKH /30$ EXVLQHVV ZLOO HQDEOH LW WR SURGXFWV DQG LQFUHDVHG HPSOR\PHQW RSSRUWXQLWLHV
PDNH D VXEVWDQWLDO XSIURQW SD\PHQW WR*UHHQVLOO %DQN 7KH SURGXFWV IURP 5RWKHUKDP IDFLOLW\ ZLOO EH VXSSOLHG
DQG &6$0 ZKLFK KDV EHHQ FORVHO\ LQYROYHG LQ *)*¶V
WR /LEHUW\ 6WHHO¶V GRZQVWUHDP PLOOV DW 7KU\EHUJK DQG
ZRUN WR UHILQDQFH DQG UHVWUXFWXUH LWV SRUWIROLR IROORZLQJ
6FXQWKRUSH
WKH FROODSVH RI *)*¶V PDLQ OHQGHU *UHHQVLOO &DSLWDO ´
LW VDLG &RPPHQWLQJ RQ WKH UHVWDUW 6XEKDMLW 5R\ &KRZGKXU\
&KLHI ([HFXWLYH 2IILFHU /LEHUW\ 6WHHO 8. VDLG WKDW WKH
8QGHU WKH DJUHHPHQW WKH EDODQFH ZLOO EH SDLG LQ
UDPS XS GHPRQVWUDWHV LWV FRPPLWPHQW WR PDNH 6RXWK
LQVWDOPHQWV WR &6$0 DQG *UHHQVLOO %DQN WKURXJK WKH
<RUNVKLUH D 8. *5((167((/ KXE 7KH FRPSDQ\ LV
DPHQGHG PDWXULW\ GDWH RI -XQH
FRPPLWWHG WR VXSSRUWLQJ WKH FRXQWU\¶V LQIUDVWUXFWXUH
$IWHU WKH *UHHQVLOO FROODSVH VRPH EXVLQHVVHV RI
JURZWK SODQ DQG LWV MRXUQH\ WRZDUGV D QHW ]HUR HFRQRP\
*)* $OOLDQFH ZHUH IDFLQJ OHJDO SURFHHGLQJV GXH WR
KH DGGHG
GHIDXOW LQ SD\PHQWV $PHULFDQ ,QGXVWULDO 3DUWQHUV $,3
ODVW ZHHN VDLG LW KDG DFTXLUHG $OYDQFH VPHOWHU WKH 6RXUFH 6FUDS 0RQVWHU
STEEL TECH

