Deals
Evraz Steel Unit Seeks South African Bankruptcy Protection
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Evraz Plc’s South African steelmaker plans to apply for the local equivalent of bankruptcy protection as a slump in demand for the metal left it with insufficient funds.
Evraz Highveld Steel and Vanadium Ltd.’s board filed a resolution to begin so-called business-rescue proceedings with the country’s companies regulator, the unit said in a statement Tuesday. Highveld appointed business-rescue officials, it said.