Hungary: largest steel producer gets Chinese support for green upgrade

China’s CISDI Engineering has signed a memorandum of understanding with China Export and Credit Insurance Corporation (Sinosure) on underwriting 1.3 billion euros in financing for two 150-ton capacity electric arc furnaces it is supplying to Indian-owned Liberty Dunaujvaros, Liberty Steel Group reports. CISDI representatives announced the MoU during a visit to Liberty Dunaujvaros’s steelworks in…