Xiamen Xiangyu steel plant closes ECA-covered loan

In:

Metals and Mining

Region:

Asia-Pacific

By Max Thompson

Obsidian Stainless Steel – a joint venture between China’s state-owned Xiamen Xiangyu (51%) and Jiangsu Delong Nickel Industry (49%) – reached financial close on a Rmb6.88 billion ($1.06 billion) debt package to finance the Xiamen Xiangyu integrated steel plant in Indonesia. The...

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