Brazil's CSP raises $3bn in loans, Dongkuk says

Brazil’s Companhia Siderúrgica do Pecém (CSP) has raised 3.36 trillion Won ($3 billion) in loans to finance the 3-million-tpy slab plant it is building in the north-eastern part of the country, according to Dongkuk Steel.


The loans will come from the Brazilian Development Bank (BNDES) and credit agencies Korea Trade Insurance Corp (K-sure) and Export-Import Bank of Korea (Korea Eximbank), the South Korean steelmaker said in a market filing on Tuesday April 28.

Dongkuk owns 30% of the Brazilian joint venture. Fellow steelmaker Posco holds a...

Published

Juan Weik

April 30, 2015

12:37 GMT

Singapore