Xiamen Xiangyu steel plant closes ECA-covered loan

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...