GLOBAL STEEL INTERNATIONAL

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                    [ArticleID] => 320280
                    [Title] => Ispat Group urged to put more funds into Global Steel
                    [Summary] => Trade and Industry Secretary Peter B. Favila is urging the Ispat Group to put in more funds into Global Steel International (formerly National Steel Corp.) instead of still trying to get the  government to extend a sovereign guaranty for GSI’s $20-million loan from international creditor banks.


The $20 million is supposed to fund GSI’s raw material imports.


                    [DatePublished] => 2006-02-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 313884
                    [Title] => Experts to assess Global Steel operations
                    [Summary] => The Philippine Export-Import Credit Agency (Philexim) plans to hire technical experts either from the University of the Philippines (UP) or Mapua to conduct an assessment of Global Steel International’s  operations and production capability.


                    [DatePublished] => 2005-12-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 308078
                    [Title] => Global Steel creditors waive default call
                    [Summary] => Majority of the creditor banks of Global Steel International(formerly National Steel Corp.) have agreed to issue a waiver of non-default to the Indian steelmaker after the company agreed to issue another P250 million or roughly $4.5-million letter of credit (L/C) to secure its next loan payment. 


Renato Castillo, first senior vice president and chief credit officer of Philippine National Bank, the lead creditor bank of Global Steel,  said the creditors had informed Global steel of their favorable decision last Friday, Nov. 18.


                    [DatePublished] => 2005-11-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
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            [3] => Array
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                    [ArticleID] => 306117
                    [Title] => Global Steel default worries 13 creditors
                    [Summary] => The 13 creditor banks of Global Steel International (formerly National Steel Corp.) are becoming apprehensive over the Indian firm’s early default of its remaining P12.5-billion debt with the banks.


The banks are also dismayed that Global Steel has been trying to use some of its assets, already pledged to the banks, as collateral/guarantee for a Philippine Export-Import Bank sovereign guaranty for a $20-million to $30-million loan it is seeking from a foreign creditor.


                    [DatePublished] => 2005-11-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Ispat Group urged to put more funds into Global Steel

By Marianne V. Go | February 6, 2006 - 12:00am

Trade and Industry Secretary Peter B. Favila is urging the Ispat Group to put in more funds into Global Steel International (formerly National Steel Corp.) instead of still trying to get the government to extend...

Business

Experts to assess Global Steel operations

By Marianne V. Go | December 27, 2005 - 12:00am

The Philippine Export-Import Credit Agency (Philexim) plans to hire technical experts either from the University of the Philippines (UP) or Mapua to conduct an assessment of Global Steel International’s operations...

Business

Global Steel creditors waive default call

By Marianne V. Go | November 23, 2005 - 12:00am

Majority of the creditor banks of Global Steel International(formerly National Steel Corp.) have agreed to issue a waiver of non-default to the Indian steelmaker after the company agreed to issue another P250 million...

Business

Global Steel default worries 13 creditors

By Marianne V. Go | November 10, 2005 - 12:00am

The 13 creditor banks of Global Steel International (formerly National Steel Corp.) are becoming apprehensive over the Indian firm’s early default of its remaining P12.5-billion debt with the banks. The banks...

Business