ANNOUNCEMENT 09 Jul 2014In July 2014, the government of Germany announced .
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On 9 July 2014, the German Eximbank KfW announced it would provide an export credit worth 794 million USD with a duration of 10 years to help finance a scrap-based sheet steel plant in the United States. The main components for the factory shall be supplied by the German steel mill systems provider SMS Siemag.
The German government will take part in the credit through "substantial export credit insurance".