Steel Dynamics receives £700,000 finance package

Steel Dynamics, a start-up steel business based in Radcliffe, Bolton, has received a £700,000 finance package from Yorkshire Bank.

The company began trading in September, providing stainless steel, duplex and nickel alloys to international customers in the nuclear, oil and gas and petrochemical sectors.

Yorkshire Bank’s Business & Private Banking Centre in Blackburn has provided Steel Dynamics with an invoice finance facility to assist with cashflow and working capital requirements as it invests in stock, processing equipment and information technology.