Celsa secures an EBRD loan for Ostrowiec Steel Mill

The Ostrowiec Steel Mill has been granted a EUR 20 million long-term loan by the European Bank for Reconstruction and Development (EBRD). The money will be used to lower the company's harmful influence on the environment. Celsa, a Spanish company, which is the mill's main investor and which took it over on the verge of bankruptcy in 2003, played a large role in helping secure the loan. The plans are to finance the transfer of a blast furnace from Celsa's plant in Barcelona to Ostrowiec, which will ensure that the Polish mill would comply with EU environmental standards. (Parkiet, p. 8) D.W.