04
Jun
11:37
Ovako becomes subsidiary of NSMMC
Nippon Steel & Sumitomo Metal Corporation (NSSMC) has officially closed the full acquisition of Ovako Group, Kallanish learns from the Swedish company. Ovako will become a subsidiary of NSSMC but will continue to operate under its own brand.
“We are very pleased to now fully begin our journey as part of NSSMC,” says Ovako president and chief executive Marcus Hedblom. “For Ovako, the acquisition means that we now have a strong indu…
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Very good overview of the weekly steel market.
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