Metinvest announced that the Group is in the final stages of negotiations with the Black Sea Trade and Development Bank regarding a seven-year € 62 million credit line approved by the BSTDB Board of Directors. Metinvest plans to use the funds to implement the investment program and replenish working capital. The final conditions are subject to documentation.
BSTDB is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine. It supports economic development and regional cooperation by providing loans, lines of credit, capital and guarantees for projects and trade finance in the public and private sectors in its member countries. Its registered capital is 3.45 billion euros and has long-term credit ratings "A-" from S & P and "A2" from Moody's.
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Metallurgy news
- 19 December 2025
19:00 U.S. steel mill shipments fell 4.2 percent in October 2025 18:00 Pakistan's scrap imports in November 2025 fell by 16.8% compared to October 17:00 The Ministry of Resources completely switches the operation of the port of Ashburton to natural gas 17:00 Consumer confidence in Turkey decreased by 1.8 percent in December 2025 compared to November 16:00 Taiwan launches AD on NOES from South Korea and China 16:00 Turkish President Tosyali maintains his goals for 2025, despite difficult global conditions 15:00 Severstal: demand for steel in the Russian construction sector will fall by 10 percent by the end of 2025 15:00 JFE Steel is developing a 130 mm thick steel plate for offshore wind power facilities
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