30
Jul
08:21
Marcegaglia receives EIB loan
Italian tube maker Marcegaglia group has signed a seven-year loan agreement with the European Investment Bank (EIB) for €100 million ($111.3m). 56% of the funds are to be invested in digitisation and 44% in energy efficiency for its production plants, a company representative confirms to Kallanish.
The loan is the first to be granted by the EIB to the steel group and is included in the Juncker Plan for European Investment (EFSI). It will also be used to bui…
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Very good overview of the weekly steel market.
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