23
May
13:40
Metinvest secures new loan for iron ore shipments
Metinvest has secured a new €10 million ($10.8m) short-term loan from the Black Sea Trade and Development Bank (BSTDB) as strategic financing to aid Ukrainian mining, Kallanish notes.
The BSTDB loan aims to enhance the group’s exports of iron ore products by facilitating committed working capital financing. It will bolster Metinvest’s export capabilities and support its production continuity in Ukraine, the enterprise claims.
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Very good overview of the weekly steel market.
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