19
Jan
00:00
Ezz Steel secures loan restructuring to reduce financing cost
Ezz Steel has signed an EGP 1.7 billion ($236.17 million) long-term loan agreement with National Bank of Egypt and Arab African International Bank to restructure existing finance facilities, Kallanish learns from Egypt’s largest steelmaker. The loan will be repaid quarterly over seven years, starting in 2015.
Ezz said in October that the Egyptian steel market has started to rebound after three years of stalled growth following the 2011 revolution. It e…
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Anonymous
Very good overview of the weekly steel market.
Anonymous