Modernization and equipment of metallurgical plants: financing and loans

ESFC Investment Group, a Spanish company with an international presence, offers long-term capital and advanced financial models to modernize the steelworks.

There are numerous approaches to increase the competitiveness of the steel industry in world practice.

These include optimization of material and energy consumption, focus on innovative technologies and high-tech equipment, improving the quality and expanding the range of metallurgical products, as well as emission reduction.

Reasons for modernizing metallurgical plants include the following:

• Imperfect structure of steel production.
• Backward and insufficiently effective technologies.
• High material consumption and energy intensity of production.
• Rapid aging and wear of steel production machinery.
• Environmental risks, etc.

The issue of increasing the competitiveness of steel production is of interest to leading engineering companies, steelmakers and investors. Due to increasing demands and standards, costs of equipment modernization may exceed 80-100 euros per 1 ton of steel produced.

Upgrades can include electronic equipment, handling systems, conveyors, blast furnaces, boilers, heat recovery units, and more.

As a rule, we are talking about expensive equipment worth tens of millions of euros, which requires the external sources of financing on a long-term basis.

Our task is to make the modernization efficient and affordable for our clients. Together with our international partners, we offer customized financial solutions along with professional engineering services.

If you are looking for a long-term loan, loan guarantee or refinancing, please contact us.

We are also ready to provide project finance (PF) services for large projects in the steel industry.