Creditors decline two bids for recommencing of NSC

Creditors decline two bids for recommencing of NSC

Market reports state that two different bids from Global Infrastructure Holdings and Dutch LNM Group for the recommencing of National Steel Corp. (NSC) under a lease agreement have been declined by creditor banks of the company. As previously reported by SteelOrbis, LNM Group gave its bid at the beginning of this month with an option to acquire NSC which is located in Illigan. It is also stated that these banks aim to hold talks with the two bidders for better offers or reinvite bids.