02
Jun
01:00
Sumitomo to buy into Turkish silicon steel producer MKS
Japanese trader Sumitomo Corp and its Turkish arm Sumitomo Corp Dis Ticaret have agreed to acquire a stake in Turkish silicon steel service centre MKS Transformer Equipments Industry and Trade, Sumitomo says in a statement seen by Kallanish. The size of the stake and the value of the deal are not disclosed.
Sumitomo aims to utilise the facilities, location and expertise of MKS to expand sales to the Turkish market and neighbouring countries of silicon steel …
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Very good overview of the weekly steel market.
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