Egypt’s Egyptian Stee l obtains loan to finance capacity expansion

摘要

Egypt’s Egyptian Steel has obtained an EGP 250 million ($33 million) loan from Emirates NDB bank tofinance the further capacity expansion project.The loan is just a part of the syndicated loan of EGP 1.9 billion ($249 million) given by a consortiumof seven banks including Commercial International Bank (CIB) and Alexandria Bank, the company representativetold Metal Expert.