01
Jun
11:00
Aceros Arequipa bags financial support for US unit
Aceros Arequipa (AA), the principal electric arc furnace-based Peruvian long steelmaker, says it has secured funding to potentially expand its activities in the US.
AA has signed an agreement with Banco de Credito del Peru for a medium-term credit of $30 million. The loan will support the acquisition of assets related to AA’s collection, processing and sale of ferrous scrap activity in the US, while a line of working capital will be used to finance the purch…
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