Case Study

Pioneer Iron and Steel Group Company Limited (in Liquidation): a Sharp Downturn in the Global Shipping Market Sinks Major Trading Company

Pioneer Iron and Steel Group Company Limited (in Liquidation): a Sharp Downturn in the Global Shipping Market Sinks Major Trading Company

Pages 2 Pages

www.fticonsulting.com PIONEER IRON AND STEEL GROUP COMPANY LIMITED (IN LIQUIDATION) SITUATION: A SHARP DOWNTURN IN THE GLOBAL SHIPPING MARKET SINKS MAJOR TRADING COMPANY. Pioneer Iron and Steel Group Company Limited (“PISG”), a large, privately-owned, diversified iron ore and steel trading company based in China but registered in the British Virgin Islands, was involved in many aspects of the industry, including manufacturing, commodity

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