03
Oct
15:44
Prospective Saudi pig iron producer secures financing
Prospective Saudi pig iron producer Cristal has secured SAR 6.955 million ($1.9m) of financing from an existing lender, Kallanish learns from Cristal’s 79% shareholder National Industrialization Company (Tasnee).
“The purpose of the facilities is to refinance the company’s existing liabilities,” says Tasnee. “These facilities will provide Cristal with a viable capital structure and will provide a solid foundation for the company&rsq…
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Anonymous
Very good overview of the weekly steel market.
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