25
Sep
13:14
Mechel restructures $320m loan with Gazprombank
Russian miner and steel producer Mechel has signed a debt-restructuring settlement agreement with Gazprombank, the company tells Kallanish.
Gazprombank acquired in full all rights from a foreign lender as stipulated in the 2010 loan agreement with Mechel’s Chelyabinsk Metallurgical Plant (ChMK), which was granted, inter alia, under guarantees from foreign export credit agencies, the miner says.
According to Mechel, the terms of the agreements include…
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Anonymous
Very good overview of the weekly steel market.
Anonymous