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JSW Steel, trading firm Duferco in talks for cash-for-steel prepayment deal

Switzerland-based Duferco, backed by banks, would provide the cash to be repaid with physical steel

Reuters  |  London 

JSW steel

Indian conglomerate Steel and global trading firm are in advanced talks on a five-year cash-for-steel prepayment deal, four sources familiar with the matter said.

The two sources said the deal, expected to be signed this quarter, would be worth about $600 million. Switzerland-based Duferco, backed by banks, would provide the cash to be repaid with

First Published: Mon, January 28 2019. 22:45 IST
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