GE Commercial Finance, through its Business Credit unit, has financed Kentucky Electric Steel, LLC with a three-year, $15 million credit facility, which the company will use for working capital.
Headquartered in Ashland, Ky., Kentucky Electric Steel recycles steel from scrap, a process designed to result in lower production costs than those of integrated steel mills, which produce steel by processing iron ore and other raw materials in blast furnaces. Their products are provided to the automotive, truck, trailer, building, cold drawn, and steel service center industries.
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