16
Feb
00:00
Prospective Rwanda mill secures funds for rebar
Prospective rebar re-roller Imana Steel Rwanda is set to start production by year-end after it secured a $12 million project financing loan from KCB Bank Rwanda, Kallanish learns from the bank.
The bank will fund 57% of the new rolling mill, which will produce up to 30,000 tonnes/year of rebar. The project is a joint venture between Kenyan can maker East Africa Cans & Closures and India’s automotive components producer Sigma Corporation. Neither fi…
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Very good overview of the weekly steel market.
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