Optima Specialty Steel, Inc. Files for Reorganization

Optima Specialty Steel, Inc. announced on December 15th, 2016 that it and its subsidiaries (including MST – Seamless Tube and Pipe) have commenced a reorganization under Chapter 11 in the United States Bankruptcy Court for the District of Delaware. The company plans to use the “breathing room” to assess strategic options for a financial restructuring and address operation issues to support its long-term growth and profitability.

Click here to read the issued press release.