CHINESE HE STEEL GETS US$ 600 MILLION LOAN FOR SERBIAN ACQUISITION

A Chinese bank has approved a USD 600 million loan to He Steel for current assets and investment in the Zelezara Smederevo steel mill, its recent acquisition.

This has been reported by the Belgrade-based Politika daily.

He Steel said on its website earlier that it plans to make Zelezara "the most competitive iron and steel producer in Europe."