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    CRU

    April 20, 2023

    CRU: Court Accepts AHMSA's Bankruptcy Request, Investors Named

    Written by CRU & Ethan Bernard

    A Mexican court has declared steel sheet producer Altos Hornos de Mexico (AHMSA) bankrupt and appointed the National Chamber of Commerce of Muzquiz city, Coahuila state, as trustee.

    The determination, published in the country’s Official Gazette on April 17, follows the company filing a bankruptcy petition in January.

    CRU

    CRU offers unrivaled business intelligence on the global metals, mining, and fertilizer industries through market analysis, price assessments, consultancy, and events.

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    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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    CRU: Global finished steel prices diverge, US the rare bright spot

    CRU: Global finished steel prices have diverged in August, with longs softening while sheet and plate firmed in most regions. Weak construction demand persisted across most longs markets, with the US the notable exception. Higher sheet prices were driven by tightening supply in the US and reduced import attractiveness in Europe, even as APAC sheet prices declined. Plate prices were mostly firmer across APAC, stable to down in Europe, and continued climbing in the US.