13
Aug
16:32
Oryx Stainless secures group-wide loan
Stainless scrap merchant group Oryx Stainless, headquartered in Germany, has refinanced €80 million ($95m) out of a previous €100m syndicated credit facility to fund inventory purchases.
The move comes together with the revolving borrowing base credit facility concluded by the group’s Thai subsidiary to support its growth strategy in Asia (see Kallanish passim). The THB 660m ($21m) facility is among the very first solutions of its kind in the Thai …
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Very good overview of the weekly steel market.
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