14
Oct
09:26
IDC receives $75m loan towards capacity doubling
Izmir Demir Celik (IDC) has signed a $75 million loan agreement with Turkiye Sınai Kalkinma Bankasi (TSKB) for its project to double steel production capacity from 1.4 million tonnes/year to 2.8m t/y.
"A Project Financing Loan Agreement of $75 million with a maturity of eight years, two years of which is non-refundable, has been signed," the Turkish electric arc furnace-based steelmaker says in a stock exchange filing seen by Kallanish.
The investm…
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Very good overview of the weekly steel market.
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