JSW Steel, Duferco in talks on landmark steel pre-payment deal
Updated : January 28, 2019 11:07 PM IST
JSW, India's biggest steelmaker, and Duferco had a prepayment deal in 2006 for $150 million in upfront cash that would be repaid over seven years with steel cargoes, but the scale of the proposed new deal is much larger.
Switzerland-based Duferco, backed by banks, would provide the cash to be repaid with physical steel.
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