Romanian steel wire producer Dan Steel, situated in Beclean, has been in bankruptcy proceedings since the beginning of the year, however, so far been unable to find a buyer. As a result, the firm has chosen to demand a lower price throughout subsequent auction rounds.
According to asset liquidators CITR Cluj Branch and Prime Insolv Practice, new auction dates were set as July 7 and July 21, with a starting price of €23 million rather than €25.9 million in the previous auction.
With over four years of experience in the steel industry and an academic background in Politics and Economics from the University of Milan, I work as a Market Analyst at SteelOrbis. I mainly cover flat and long steel products, with a focus on Turkey, Eastern Europe and the Middle East. My work involves analyzing price movements, market sentiment and supply-demand developments across these regions.
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