Zaporizhstal is negotiating a $1.3 billion loan for construction of the converter shop.
“We are actively discussing this with banks and financial institutions. But it’s difficult to get investments under current circumstances in Ukraine, although the situation has normalized compared with last year”, the company CEO Rostislav Shurma said.
According to him, the negotiations are held both by Zaporizhstal and Metinvest.
If the company gets the financing, the construction of the shop will last for 4 years. Zaporizhstal intends to get the loan at 8-10%. (Ukrainian metal)
