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Company name

SIDERSA S.A.

Project number

15156-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Argentina

Sector

Manufacturing

Status

Proposed

Disclosed date

01/23/2025

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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02/28/2025

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

Corporates Division

Investment type

Syndicated amount

USD $ 50,000,000

Financing amount

USD $ 50,000,000

Currency

USD

Project scope and objective

SIDERSA S.A. ("SIDERSA" or the "Company") is an Argentine company specialized in the commercialization and distribution of high-quality steel products. The Company is dedicated to providing comprehensive steel solutions, offering a wide range of products such as sheets, coils, profiles, and tubes, which are used in various industries, including construction, mining, energy, automotive, and agribusiness.

 

The transaction consists of financing for the construction and commissioning of a new steel mill that will use metal scrap as raw material in San Nicolás de los Arroyos, Buenos Aires Province, Argentina (the "Project"). The total investment of the Project amounts to approximately US$300 million, of which BID Invest is structuring a Sustainability-Linked Loan ("SLL") guaranteed on a long-term basis for up to US$100 million.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

SIDERSA - RESUMEN DE LA REVISION AMBIENTAL Y SOCIAL (RRAS O ESRS)

337.9 Kb

SIDERSA - PLAN DE ACCION AMBIENTAL Y SOCIAL (PAAS O ESAP)

225.3 Kb

Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

ESIA PROYECTO SIDERURGICO SIDERSA

14.0 Mb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

miribarne@sidersa.com

PHONE NUMBER

54 (341) 420 4040

POST OFFICE ADDRESS

Av. Madres de Plaza 25 de Mayo 3020 Edificio Nordlink P-WP – Piso 15 S2013SWJ Rosario, Santa Fe, Argentina.

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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Learn more about how we provide private-sector solutions in the region .