28
Nov
00:00
Hegang secures export credit for volume hike
Hebei Iron and Steel (Hegang) has secured an additional $100 million trade finance facility for its Hong Kong based international trading arm. Hegang has been accessing foreign credit aggressively in order to support a ramp up in exports and is leaning on its partner, Duferco, in which it recently announced it would take a majority stake.
The Chinese steelmaker secured an $800 million export finance facility from ten banks led by Deutsche Bank for its Tangsh…
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Anonymous
Very good overview of the weekly steel market.
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