Essar Steel Algoma secures $25M loan

Dec 06, 2013 | 07:40 PM | Barbara O'Donovan

Tags  Essar Steel Algoma, steel, loan, Kalyan Ghosh, raw materials

NEW YORK — Essar Steel Algoma Inc. has agreed to a $25-million secured loan with an institutional investor.

The loan reinforces the company's "liquidity position heading into the customary seasonal raw material inventory build," Sault Ste. Marie, Ontario-based Essar Steel Algoma said....

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