07
Aug
01:00
NLMK seeks buyer for French coating operation
NLMK Coating, the France-based NLMK subsidiary which produces electro-galvanized steel, may find a new investor, the company tells Kallanish. The Russian steelmaker is looking to sell the producer as part of a consolidation of its European division which operates under the banner of NLMK Belgium Holdings (NBH).
The reason for the proposed sale is that the company has seen a fall in demand for electro-galv products. EU carmakers appear more interested in hot-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous