EBRD approves loan to Mittal Steel Krivoy Rog

European Bank for Reconstruction and Development (EBRD) approved $200 million loan for Mittal Steel Krivoy Rog on 4 April. Mittal Steel Krivoy Rog requested for credit of $200 million for a modernization project total cost of which is $500 million. The credit is to be used for optimization of existing production capacity, rise of productivity and energy efficiency and for investment in the production of metal products with higher added value.