Vyksa Steel Works (Vyksa), the Novgorod-based pipe producing subsidiary of the Russian steel and pipe producer United Metallurgical Company (OMK), has been granted a revolving credit line totaling a value of Ruble 6 billion (approx. $206 million) for a period of one year by Volgo-Vyatsky Bank, a subsidiary of Russia's largest bank Sberbank.
The credit line will be used by Vyksa for the replenishment of its cash flow.