At the same time, Qiao Zhi also received a notice from Nudu that although each of Tianzhu's two companies owed only $2 billion, they were unable to compensate and had to go bankrupt to repay their debts.

This surprised Joe!

It shouldn't be!

Tianzhu these two steel companies are both the world's top 20 behemoths, and their steel output is at the level of tens of millions of tons.

After listening to Mittal's explanation, Qiao Zhi realized that in fact, it was far from that simple, and the result was so serious.

First of all, if they had 10 million tons of steel, of course, they would have solved the problem.

Sadly, they didn't.

They do produce tens of millions of tons a year, but they have all been sold out according to the contract.

Although it is true that there is no corresponding consumer demand for their increase in production of 100 million tons, the existing output still has a demand to match.

And these are the normal range of production and consumption.

Therefore, their 10 million tons of short sales have no support from their own production, so they can only go to the market to buy them, and then fill in the holes, which is the part of the short sales.

By the end of the day, the market price had climbed to $550 a tonne, and they were shorted at $360 a tonne, with a net loss of $200 per tonne.

This net loss of two hundred dollars a ton, or a total loss of two billion dollars, must be taken out of their own net worth.

However, the reality is too harsh.

The net worth of these two companies is not much, and if there are some, they are far less than two billion.

Moreover, their net worth is not all liquid assets, and they can't take it out immediately to lose money.

If you want to lose money, you can only realize the fixed assets, but this kind of temporary realization, a hundred yuan worth of things can be realized for ten yuan, even if the skill is not small.

So, the fate of these two companies, like that of Mittal, was forced into insolvency, and the situation was even worse.

This happened to make Mittal very guilty, and he blamed himself while introducing the situation.

The original intention of the two families was to pull the brothers and pull Mittal out of the fire pit.

Unexpectedly, this brother's tonnage was too heavy, so not only did he not pull it out, but he also pulled the two brothers who pulled people down.

Now the one who was originally in the pit let Qiao Zhi save him, and the two in Tianzhu are still struggling in the fire pit.

This made Mittal feel very bad.

However, he was now exhausted and had no means to help them.

If it had been before, as long as he had done something, it would not have been a big deal to help them.

Even taking money from his personal assets is not too much of a burden.

Before this futures defeat, he still had a net worth of $50 billion.

Although Qiao Zhi did not touch his personal assets this time, the most important part of his personal assets was in the shares of the steel company, and the entire steel company was lost to Qiao Zhi, and his shares were naturally gone, so the most important part of his personal assets has disappeared.

By the way, the shareholders of all steel companies also have no personal assets, because Mitre's futures are the company's business, so the loss is also the company's loss, and all the shareholders' investments are lost.

As for the economic disputes between those shareholders and Mittal, Qiao Zhi didn't care, and the company he took over was completely divorced from that past history.

Mittal is not capable of saving the two brothers, but he is a nostalgic man who always wants to do something for them.

His only advantage now is his current position, the new general manager of the steel company.

"Qiao Zhi, and Moon Gongzi, these two Tianzhu companies fell into bankruptcy because of my involvement, so I want to help them! At the same time, I also know the situation of these two companies, regardless of steel production or steel consumption, they have monopolized the entire Tianzhu market! Although they don't have the potential of the Chinese kingdom, although they seem to be very powerful when they blow, but I know in my heart that there is no possibility to compare, let's put it this way, the Tianzhu side is still in the stage of blowing hard, the Chinese kingdom has passed this stage, no need to blow, it is already the first in the world, so it is making efforts to say as little as possible! Not to mention this, after all, Tianzhu is still a sizable market with certain potential, so I also learn from a fine tradition in Chinese culture, and make a suggestion, that is, to take these two companies over, you can compare the terms of the company that received me, what do you think?"

Through Vanessa's translation, Mittal came up with his own proposal.

Entering the Tianzhu steel market?

Although it is not the top now, the population base is there, and there is definitely hope to become the second largest market in the world!

If you take this opportunity to win this piece, the potential in the future should be not small.

Also, this Mittal is very familiar with them, and it is also a rare good condition to control it without much effort.

Although it is said that their effectiveness is not very good, mainly due to inefficiency, it should be solved under Mittal, who is good at management.

Besides, for the sake of strategic goals, it seems that you have to do it at a loss, right?

Although the decision was made quickly, it could not be let go so easily on the surface.

Even if they go bankrupt and pay off their debts, most of the steel mills that are interested in them will still be themselves, and they will eventually be collected at a lower price.

But there are more uncertain factors in doing that, so it's better to be safe and ensure that you keep it in your own hands.

"Lao Mi's suggestion can be considered, but the conditions, of course, can't be compared with the one given to Lao Mi! Because they are not as attractive as Lao Mi! I think so, let them have all the assets of their existing companies and be responsible for the top 80 percent of the debt, and let them hand over the remaining 400 million in cash. ”

Qiao Zhi proposed a solution.

Moon Gongzi agreed, and further emphasized that it was a very important condition for Mittel to be the general manager, so he could give him such a favorable condition for the company, but Tianzhu did not.

These 400 million made Mittal very troubled, but there was no way to object.

In the end, there was no way, he offered to take one percent less of his share in exchange for the cancellation of the 400 million.

Qiao looked straight at Mittal being cornered, and thought about it, he didn't want the 400 million, but asked the Tianzhu official to give him a tax exemption and preferential treatment while compensating for the loss of the 400 million.

Mittal readily agreed to this condition.

Reducing taxes is increasing net income, two percent of which goes to him!

The three reached a consensus, and Mittal called Tianzhu's side on the spot to negotiate the matter.

I was probably waiting over there, and the solution was finalized by dividing five by two, which was exactly what Qiao Zhi requested.

Qiao Zhi and Moon Boy also saw Mittal's influence.

That's simply an order from the emperor to his subordinates!