China Steel secures $264M loan for overseas projects

Jul 03, 2013 | 10:05 AM |

Tags  China Steel Corp., iron ore, coking coal, loan, Posco, ArcelorMittal Mines Canada

SHANGHAI — Taiwan’s China Steel Corp. has secured a syndicated loan of $264 million from 12 banks to finance raw material projects overseas.

The funds will go to its iron ore or coking coal projects, China Steel’s press liaison officer told AMM sister publication Steel First. He....

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