US EditionColombian Major Steel Industry Initiated Business Recovery Procedure
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Acerías Paz del Río, the main Colombian steel company formally initiated the business recovery procedure. SEE MORE: Paz del Río bets for tariff increases in the face of increased Chinese imports As of December 31, 2024, the company operating in Belencito, Boyacá, in the center of the country, presented a net loss of COP$54,913 million; a negative working capital of COP$185,297 million and a reduction in cash and equivalents of COP$38,744 million…
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