Overview
- The loan from ICBC Argentina finances imported technology for Proyecto Sidersa+, with the remaining roughly $200 million expected to be sourced domestically.
- Approved under the RIGI program by Resolution 1028/2005, the integrated plant is planned to supply construction steel and wire rod with capacity near 360,000 tonnes per year.
- Sidersa states the facility will deploy advanced, lower-impact processes and faster turnaround times, claims that have not been independently verified.
- Earlier financing talks with BID Invest and the IFC did not conclude due to timing, though the company says collaboration remains possible later.
- The project, located in San Nicolás in Buenos Aires province, is described as the first integrated steelworks built from scratch in Argentina in more than 60 years.