Bulgaria Steel Mill Kremikovtzi, Brazilian CSN Negotiations Fail

The saga with the termination of gas supply for Bulgaria's dying steel mill Kremikovtzi seems to be reaching an end Thursday after negotiations with CSN failed. Photo by Sofia Photo Agency

The negotiations between the Brazilian metallurgy giant CSN and the management of the troubled Kremikovtzi steel mill failed to yield a positive result.

The mill's assignee in bankruptcy, Tsvetan Bankov, sent Thursday evening an official letter to Bulgaria's Economy and Energy Ministry to inform them about the negotiations' outcome. Bankov is adamant that the new version of the contract, proposed by CSN, did not have any practical realization.

The Bulgarian information agency, BGNES, reports that the plan to terminate gas supply to the mill becomes now effective. The supply halt is being conducted in coordination between Bulgargaz and Kremikovtzi's management.

 

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