Argentine Metalworker San Cayetano Files Creditors' Reorganization with $34B Debt

Fundición San Cayetano, a historic metalworking firm in Burzaco, Argentina, has entered creditors' reorganization (concurso preventivo) with over $34 billion in debt, citing competition from Chinese products, lost orders, and high financing costs. The company aims to restructure without halting production. This signals stress in Argentina's industrial sector amid import competition and tight credit conditions.