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EBRD provides loan to Serbia's Metalfer for green steel production

18 Jan 2023 17:01 reported by Vicky Wang

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The European Bank for Reconstruction and Development (EBRD) has announced a €21.4 million loan to Serbian long products producer Metalfer Steel Mill.

The loan will be used for green steel production, including the construction of a new rolling mill to process scrap and semi-finished products to improve efficiency and reduce emissions, as well as a new mini-solar power plant that can generate up to 4 megawatts of renewable energy.

The increased production will allow Metalfer to meet the needs of the domestic construction industry.

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