10
Oct
14:38
Metalloinvest secures financing for Ural Steel modernisation
Metalloinvest has signed two long-term credit facility agreements with ING Bank guaranteed by export credit agencies to raise funds to carry out modernisation at subsidiary Ural Steel.
One of the agreements is a €11.5 million ($13.6m) ten-year line for the construction of the roller treatment furnace no.1 and heat treatment machine no.1 at Ural Steel. The line is guaranteed by Germany’s Euler Hermes Aktiengesellschaft. LOI Thermprocess has b…
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Anonymous
Very good overview of the weekly steel market.
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