Criticism of DOE's $730M Severstal loan grows
Nov 08, 2011 | 05:56 PM
| Catherine Ngai
NEW YORK A growing number of lawmakers are criticizing the U.S. Department of Energy decision to offer a $730-million conditional loan to steel producer Severstal North America Inc.
Sen. Dan Coats (R., Ind.) and Sen. Pat Toomey (R., Pa.) asked in a Nov. 7 letter to Energy Department inspector general Gregory H. Friedman why the department had offered to fund a project that was "near completion" and was already paid for by the Dearborn, Mich.-based company. It also questioned whether the department....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.