26
Nov
00:00
Mechel refinances bank loans to two plants
Mechel has signed a refinancing deal with Uralsib Bank, extending the maturity of a $72 million loan to 2016, Kallanish learns from the Russian steelmaker and miner. The financing is allocated for Beloretsk Metallurgical Plant and Urals Stampings Plant.
The company is continuing to renegotiate more favourable debt servicing terms with lenders, as current repayment schedules are seeing the company lose profit that could be used to service obligations and for …
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Anonymous
Very good overview of the weekly steel market.
Anonymous