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
 "JSW Steel and Duferco in talks on steel pre-payment deal")
Apart from JSW Steel and ArcelorMittal, 11 others are believed to be in the fray
Indian conglomerate JSW Steel and global trading firm Duferco 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 physical steel.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jan 28 2019 | 10:45 PM IST