U.S. steel mills threatened as hot metal piles up in private-equity recycler’s ‘chaos’ bankruptcy
Summary by Ground News
Phoenix Services, a Radnor company, is in its sixth month of bankruptcy reorganization. Phoenix is using the bankruptcy to force new terms on the steelmakers. Nucor, the largest U.S.-based steelmaker, is fighting back. Phoenix blamed inflationary pressure and rising fuel costs.Published 2 months ago · Cherokee County, United States
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