The BNDES finem credit scheme is subject to local content incentives. As such, so is the BRL 42 million (approx. USD 25 million) loan to Sitrel, Siderurgica Tres Lagoas Ltda granted on 14 October 2011...
On 14 October 2011, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 42 million (approx. USD 25 million) loan to Sitrel, Siderurgica Tres Lagoas Ltda. The loa...