EBRD MACEDONIA STEEL WORKS INVESTMENT ENERGY EFFICIENCY
December 1st, 2005
BY KEITH NUTHALL THE NEW owner of two steel rolling mills in Macedonia has borrowed Euro 25 million from the European Bank for Reconstruction and Development (EBRD) to improve their energy efficiency and expand local working capital. Mittal Steel bought two Skopje-area rolling mills last year from Balkan Steel, which had financial difficulties. The EBRD said Mittal Steel Skopje would use the money to rehabilitate pusher furnaces, and switch from oil firing to natural gas to power its hot rolling mill, significantly reducing carbon dioxide emissions. The working ...
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