18
Apr
16:29
Mechel secures state loan for rail, beam exports
Mechel’s Chelyabinsk Metallurgical Plant has secured a RUB 300 million ($5.35m) loan from the Russian government to fund production of rails, beams and other structural steel for export. The loan will be provided by the industry and trade ministry’s Industrial Development Fund.
The project, costing RUB 1.52 billion overall, includes acquiring technology to set up production at Chelyabinsk’s universal rolling mill according to European standards…
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Very good overview of the weekly steel market.
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