Essar Steel: ArcelorMittal, Nippon Steel sign $5.15 billion loan pact to refinance Essar Steel buy
Japan's biggest steelmaker Nippon Steel Corp said on Tuesday its joint venture with ArcelorMittal has signed a $5.15 billion loan agreement with Japanese banks, including Japan Bank for International Cooperation.
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Essar Steel manufactures carbon steel products such as welded beams, hot and cold steel rollings, primed plates and pipes for the shipbuilding sector.
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