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
- 24 July 2026
23:00 Arequipa's net profit in the second quarter of 2026 increased by 34.5% amid improved operating performance 21:00 Samarco's sales in the second quarter of 2026 were up 23 percent compared to the first quarter of 2026, but will remain 1 percent lower than in 2025. 21:00 The United States will conduct full reviews of the PC market from 15 countries 20:00 Exports of sheet metal coils from the United States in May 2026 decreased by 2.1 percent compared to April 20:00 CRC imports to the United States in May 2026 decreased by 10.4 percent compared to April 16:00 Tangshan announces short-term steel production cuts 16:00 Vietnam's railway infrastructure development plans open up new opportunities for domestic steelmakers 15:00 Kumba iron ore production and sales fell in H1 2026
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