10
May
09:13
Aperam moves upstream with stainless scrap merchant acquisition
French stainless steel producer Aperam has signed a purchase agreement with Franz Haniel & Cie. to acquire stainless steel scrap company ELG. This will provide backward integration and optimise costs, Aperam says. The acquisition, with a total value of €357 million ($433m) including €30m equity, will be completed later in 2021.
ELG processes 1.3 million tonnes/year of stainless steel scrap and high-performance alloys. The company’s Ebitda last …
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Anonymous
Very good overview of the weekly steel market.
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