14
Jan
12:06
Japan bank finances JSW Steel wire rod mill
The Japan Bank for International Cooperation (JBIC) has agreed to provide $30 million export credit to JSW Steel for the purchase from Primetals of a new wire rod mill for the Indian producer’s Vijayanagar Works.
The loan is based on the export credit line established in March 2018 and is co-financed with Mizuho Bank, bringing the total co-financing amount to approximately $49m. JFE Steel Corporation holds a 15% stake in JSW Steel.
“In India, demand f…
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