Dongbei Special Steel, a steelmaker owned by the Liaoning provincial government, failed to repay creditors 852 million yuan in one-year notes and interest on Monday. Photo: SCMP Pictures

Chinese steelmaker defaults on HK$1 billion debt just days after ‘chairman commits suicide’

Dongbei Special Steel says it could miss an even bigger payment in early April

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Dongbei Special Steel, a steelmaker owned by the Liaoning provincial government, failed to repay creditors 852 million yuan in one-year notes and interest on Monday. Photo: SCMP Pictures
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