02
Mar
05:19
Rizhao Steel secures financing for capacity replacement project
Rizhao Steel holdings has reached agreement with CITIC Bank for new loans to support its capacity replacement project. Meanwhile, the steelmaker will begin cooperation with Singapore Taifu Resources Trade Company for purchasing Australian magnetite concentrate, Kallanish notes.
CITIC Bank will provide a CNY 5.6 billion loan to Rizhao Steel Hildings according to the agreement. Its new steel project is estimated to need total investment of CNY 33 billion (…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous