24
Jul
14:16
Marubeni-Itochu Steel acquires stake in Spain’s NSR
Spanish coil processing company Network Steel (NS) says Japan-based Marubeni-Itochu Steel Inc. (MISI) has become a shareholder. The deal was sealed on 22 June.
The size of the shareholding acquired by MISI has not been revealed, although NSR confirms it is a minority stake, Kallanish notes. The company’s share capital has hitherto been divided into three packages. The most significant is owned by the president of the company, Oscar Heckh, with a 63…
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Very good overview of the weekly steel market.
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