25
Nov
10:39
US Steel snags $63.4m in financing for Fairfield
US Steel has closed on $63.4 million in so-called green bonds to fund its new Fairfield, Alabama, electric arc furnace, Kallanish reports.
The bonds were issued by the Industrial Development Board of Hoover, Alabama, and mature in 2050. US Steel will pay semiannual interest and the principal “...upon maturity,” the company says.
“Our first green bond is an important step forward for US Steel in our drive toward more sustainable pract…
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Very good overview of the weekly steel market.
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