JSW Steel USA secures SACE-backed financing for plate mill project

JSW Steel USA has secured long-term ECA-backed financing from two Italian lenders to modernise its $260 million plate mill in Baytown, Texas.The capital raised from Intesa Sanpaolo and Banco BPM is $182 million, of which $70 million is covered by SACE, and the balance is a term loan. The financing...