27
Nov
11:39
Maruichi to buy Kobelco Steel Tube
Japan’s Maruichi Steel Tube is expected to take a 100% stake in Kobelco Steel Tube from Kobe Steel on 1 April 2020. The move is part of a reorganisation of Kobe Steel, Kallanish notes.
Kobe Steel and Maruichi have agreed the transaction will take place at a planned price of JPY 13.8 billion ($127 million) for all shares in Kobelco Steel Tube. Kobe says the purpose of the transaction is for it to further its goals to strengthen profitability and to ma…
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Anonymous
Very good overview of the weekly steel market.
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