31
Mar
08:13
ArcelorMittal taps Japanese banks for AMNS India expansion
ArcelorMittal has entered into a $5 billion loan agreement with a consortium of Japanese banks to secure funding for the ArcelorMittal Nippon Steel (AMNS) India expansion.
The banks comprise the Japan Bank for International Cooperation (JBIC), MUFG Bank, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Mizuho Bank, and Mizuho Bank Europe.
The loan will be used towards the new construction and expansion of upstream, hot rolling, and other facilitie…
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