24
Jun
12:53
UK government close to agreeing loans for steelmakers
The UK government is reported to be close to agreeing large loans to local steelmakers Celsa and Tata Steel, in a move to support their activities in the face of ongoing difficulty. The government could end up with a shareholding in both firms if loans are not repaid.
Local UK sources confirm that Celsa is set to receive a loan worth £30 million ($37m), while the one for Tata Steel should be worth several hundred million, Kallanish notes.
In return for the …
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