30
Jun
12:26
OMK receives first financing for green steel mill
Russia's United Metallurgical Company (OMK) has received the first loan tranche for the construction of its green metallurgy complex, “Ecolant”, the company says.
The amount of €33 million ($39m) will be used to pay for a contract for the supply of high-tech equipment for the Nizhny Novgorod complex, Kallanish notes.
The funds were provided by a syndicate of Russian commercial banks – Sberbank and Otkritie Bank (40% each), and VEB.RF (2…
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Anonymous
Very good overview of the weekly steel market.
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