24
Sep
09:46
Gerdau guarantees loans for its Mexican unit
Brazilian steelmaker Gerdau's board of directors has authorised the company to provide guarantees to its Mexican subsidiary for bilateral loans, Kallanish learns from the steelmaker.
"These loans will be used to pay Gerdau Corsa's existing financial debt and its subsequent replacement with financial debt with more appropriate cost," Gerdau says in a note to the Brazilian Securities and Exchange Commission (CVM).
The authorisat…
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Anonymous
Very good overview of the weekly steel market.
Anonymous