03
Aug
20:32
Hybar raises funds to build Arkansas rebar mill
Hybar, a US startup focused on sustainable steel production practices, is planning to construct a scrap-recycling-based rebar mll in Arkansas.
The company has raised $700 million in debt and equity financing for the project, with the debt portion backed by the Rise Fund and Hybar's upper management team, through the investment firm Global Principal Partners.
Kallanish understands that $470m of the funds raised will be spent on the construction of th…
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Very good overview of the weekly steel market.
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