Struggling Polish steel platemaker ISD Huta Czestochowa has been recommended for sale by tender, Fastmarkets learnt on Tuesday March 31.
The board of creditors of the bankrupt steel mill recommended the plant's sale at the earliest possible opportunity, with bids invited at a starting price of 250 million Polish zloty ($61 million)."The [bankruptcy] trustee has filed a motion for [judicial] approval of the conditions of tender," a source close to the trustee said. "The tender will be announced after approval......