04
Apr
10:19
Severstal grows domestic distribution with A Group acquisition
Russian steelmaker Severstal has completed the acquisition of the local steel distribution business of A Group. This positions Severstal to capture approximately 10% of Russia's secondary steel market, with the firm aiming to be among the top three distributors in the country.
Severstal has an estimated 5.7% share of Russia’s secondary market, while A Group holds a share of 4.3%, according to Severstal Distribution director Viktor Romanovsky.
Severstal …
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Anonymous
Very good overview of the weekly steel market.
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