Cleveland-based LTV Steel Products, a subsidiary of steel manufacturer The LTV Corp., recently announced that it has raised the commitment level of it's triple-B-rated inventory securitization from $250 million to $302 million - a $55 million increase.

This ramping up of its asset-backed business comes along with an $80 million increase in liquidity that will allow the company to provide additional financial flexibility for its growing family of steel and steel-related businesses. The company does other types of financing and has been active in the asset-backed market for several years.

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