24
Apr
12:13
AMNS India eyes $1 billion loan: reports
ArcelorMittal Nippon Steel (AMNS) India is seeking to raise INR 85 billion ($1 billion) in loans, according to local press reports. The fundraise is expected to help AMNS with its expansion plans, and could become India’s largest loan in 2024, notes Kallanish.
In February, the company stated its medium-term goal for its Hazira plant, located in Gujarat, is to expand capacity to 15 million tonnes/year in Phase 1A. The expansion will be completed in 2026. Its …
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Anonymous
Very good overview of the weekly steel market.
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