South Africa: Evraz Highveld Steel and Vanadium has announced plans to oppose court action by some of its major creditors, which want to declare the company's business rescue as invalid.
The company, which makes flat steel products, structural steel and vanadium slag, said that it has filed a notice of intention to oppose the further urgent court proceedings that East Metals and Mastercroft instituted against the joint business rescue practitioners of Evraz Highveld Steel and Vanadium and several other affected persons.
