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    Economy

    Australia's InfraBuild Looks to Buy Long Steel Assets in the US


    Australian steelmaker InfraBuild said it could be on the hunt for steel plants in the US after closing on a $350-million asset-backed term loan.

     newsThe loan, managed by BlackRock and Silver Point Finance, will allow InfraBuild to pursue growth objectives, which include the “potential acquisition of steel assets in the United States currently owned by GFG Alliance,” the company said in a statement on May 29. GFG Alliance is InfraBulid’s parent company.

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