13
Oct
10:56
SteelAsia gains loans for wire rod mill
The state-run Development Bank of the Philippines (DBP) has signed a PHP 5.7 billion ($117.83 million) long-term loan agreement with Compostela Steel Inc., a subsidiary of the Philippines' largest steelmaker, SteelAsia, Kallanish notes from local media.
This is expected to help the Compostela plant in Cebu become one of SteelAsia’s biggest, a local market participant adds. Compostela Steel says the loan will be used to …
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Anonymous
Very good overview of the weekly steel market.
Anonymous