EIB ARCELOR
February 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) is considering plans to lend Belgian steel producer Arcelor Euro 125 million, to invest in a new stainless steel meltshop in Charleroi, including an electric furnace, an argon oxygen decarbonisation converter and a continuous slab casting installation. The Euro 261 million total cost project forms part of a restructuring of the group's stainless steel production facilities "to reduce production costs and optimise internal logistics", said an EIB note. An environmental impact assessment has been ordered into the ...
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