11
May
16:32
Arvedi bags major loan to fund development plan
Italian steel producer Arvedi has reached an agreement with a consortium of banks for a €240 million ($274m) loan, the steelmaker tells Kallanish. The sum will be used to finance its 2015-2020 investment plan aimed at the renovation of the company’s operations in Trieste and Cremona, Northern Italy. Within this, It will fund the company's plan to restart electrical steel production.
The consortium includes Intesa Sanpaolo, IMI, Unicredit…
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Anonymous
Very good overview of the weekly steel market.
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