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
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
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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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
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
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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