Poland - Latest news GMK Center

Poland must fight for its steel plate production potential, the market that is 90% supplied by imports

Construction completion is scheduled for December 2024, and production is expected to start in Q1 2025

The decision to liquidate the Rurexpol branch, among other things, was made amid deteriorating situation in European steel industry

Currently, the steel sector of the country is facing a number of problems

The court rejected the company's appeal against the earlier bankruptcy decision

Rebar supplies almost halved in the period under review

The company submitted a corresponding proposal, which provides for an immediate financial infusion to repay debts and pay salaries

The company is divesting the plant as part of a restructuring effort to adapt to volatile market conditions

These are enterprises in Poland, Great Britain and Norway

At least two southern European companies submitted takeover bids, but both fell short of their target price

Currently, the forecast is 12.45 million tons

The company declares that there is significant support from the creditor, and the prerequisites for obtaining a loan at the level of €100 million