The European Bank for Reconstruction and Development will provide a USD 100-million loan to Dnepropetrovsk region based Ukrainian steel giant ArcelorMittal Kryvyi Rih to help finance the company's working capital needs. EBRD said "The loan will be used for financing of the working capital needs of the company to ensure the continuity of operations in Ukraine.” The EBRD provided financing to ArcelorMittal Kryvyi Rih in 2017 and developed a comprehensive Environmental and Social Action Plan and has been monitoring the implementation of the ESAP and has undertaken monitoring visits to the company in recent years. A key aspect of the ongoing investment program is to upgrade the sinter plant, and this investment process is ongoing, with work on sinter lines in place as well as air abatement facilities. However, some of the investments planned for 2022-2023 have been delayed.
The European Bank for Reconstruction and Development will provide a USD 100-million loan to Dnepropetrovsk region based Ukrainian steel giant ArcelorMittal Kryvyi Rih to help finance the company's working capital needs. EBRD said "The loan will be used for financing of the working capital needs of the company to ensure the continuity of operations in Ukraine.” The EBRD provided financing to ArcelorMittal Kryvyi Rih in 2017 and developed a comprehensive Environmental and Social Action Plan and has been monitoring the implementation of the ESAP and has undertaken monitoring visits to the company in recent years. A key aspect of the ongoing investment program is to upgrade the sinter plant, and this investment process is ongoing, with work on sinter lines in place as well as air abatement facilities. However, some of the investments planned for 2022-2023 have been delayed.
