27
Jun
09:01
AIIB lending kicks off with first $509m loans
The Asian Infrastructure Investment Bank (AIIB) has approved its first $509 million in loans, marking the arrival of a major new financier for steel-intensive investment projects across the continent. The approvals come six months after various countries snubbed the USA to join the bank, and could boost competition among financiers, lowering investment costs, Kallanish notes.
The first four projects to be approved include a $216.5m loan to an Indonesia…
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Anonymous
Very good overview of the weekly steel market.
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