Some aluminium processing companies in Henan province and Chengdu face higher capital costs of 1-2% in April as they turn to personal loans to obtain financing

May maintenance to affect output of #300, #400 stainless steel 

SHANGHAI, Mar 1 (SMM) &ndash; Some aluminium processing companies in Henan province and Chengdu face higher capital costs of 1-2% in April as they turn to personal loans to obtain financing, SMM learned.&nbsp;

This was&nbsp;a result of Chinese banks raising&nbsp;interest rates on loans after&nbsp;2014, thereby making&nbsp;it more difficult for enterprises to obtain loans. Interest rates of loans are estimated at 8-9% in April 2018.

Other than personal loans, some companies have opted for funds in the form of receivable financing from supply chain financing companies.&nbsp;

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