09
Feb
00:00
Ovako acquires Tibnor steel and metal distributor
Swedish-based producer of engineering steel, bars, tubes, rings and pre-components Ovako, is to acquire steel and metals distributor Tibnor in Finland from SSAB, Kallanish learns.
The deal is part of the divestment procedure requested by the European Commission to allow SSAB and Rautaruukki to join forces (see Kallanish 17July). The transaction has been officially approved by the European Commission and will now be examined by competition authorities i…
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Anonymous
Very good overview of the weekly steel market.
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