Vyksa Steel Works the Novgorod based pipe producing subsidiary of the Russian steel and pipe producer United Metallurgical Company has been granted a revolving credit line totaling a value of RUB 6 billion for a period of one year by Volgo-Vyatsky Bank a subsidiary of Russia largest bank Sberbank.

The credit line will be used by Vyksa for the replenishment of its cash flow.

(Sourced from SteelOrbis)
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