Yalian secures short-term loan for China subsidiary

Aug 12, 2011 | 04:38 PM | Michael Cowden

Tags  Yalian Steel. Yangzhou Yalian Steel Pipe, Jiangsu province, China, steel pipe, steel tube, line pipe, pipeline, straight seam LSAW

TORONTO — Yalian Steel Corp. has obtained a 10-million-yuan ($1.56-million) short-term loan from China Citic Bank.

The Vancouver, British Columbia-based steel pipe maker said the loan will be used for working capital at Yangzhou Yalian....

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