16 Sep '09
Orenburg region steel company Uralskaya Stal (Urals Steel) intends to open a $294m line of credit with VTB Bank, Kommersant reports.
The loan is reportedly to be secured by $147m state guarantees.
Under plans, the funds are to be used to finance the ongoing project to launch a blast furnace and two casting machines.
Urals Steel is a part of Metalloinvest holding.