04
Jan
06:44
Yieh United Steel secures $220m in loan credit
Taiwan’s Yieh United Steel Corporation (Yusco) successfully obtained a credit line of TWD 6.815 billion ($220 million) from a consortium of banks in December. The consortium of seven banks is co-ordinated and managed by Mega Bank, Kallanish notes.
The funds will be used for the construction or the acquisition of stainless steel precision strip mills, as well as solar power generation equipment. Yusco expects to improve competitiveness with the help of new mi…
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Anonymous
Very good overview of the weekly steel market.
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