04
Mar
09:44
JSW secures Duferco finance in return for steel
JSW Steel has signed a $700 million five-year Advance Payment and Supply Agreement with Duferco (DITH). This will provide the Indian steelmaker with long-term financing to support growth plans in return for committed exports of steel products to Dufero, thus assuring the trader a captive steel supply.
The deal is the largest trade finance facility to have been arranged in the Indian steel sector, JSW tells Kallanish. The steelmaker has previously entered in…
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Anonymous
Very good overview of the weekly steel market.
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