27
Jan
00:00
Algerian Central Bank authorises forex transfer for Cevital's Piombino buy
The Algerian Central Bank has authorised industrial group Cevital to transfer capital out of the country in a foreign currency. This is in order to fund investment for Cevital's recently-acquired steelmaking operation in Piombino, Italy, Kallanish learns from Algerian media.
According to Algerian news provider, TSA, the Algerian Central bank has now confirmed authorisation of the transfer. While the bank did not confirm any details, the value of the tran…
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Very good overview of the weekly steel market.
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