19
Jul
09:02
MMK repays Metalurji start-up loans
Magnitogorsk Iron and Steel Works (MMK) has repaid in full the loans it took to fund construction of its steel plant in Turkey. MMK Group’s total debt has therefore been reduced by $403 million, Kallanish learns from the company.
MMK Group raised more than $1 billion in loans due in 2019 to fund construction of its Metalurji flat steelworks. MMK now benefits from a low debt level, which is also reflected in its strong credit ratings.
MMK turns out a bro…
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