24
Oct
15:50
Reliance buys remaining stake in Mexican toll processor
US steel service centre chain Reliance Steel and Aluminum has bought the outstanding 40% ownership interest in Mexican toll processor Acero Prime, Kallanish understands.
The financial terms of the transaction were not disclosed. Reliance already held a 60% interest in the company before acquiring the remaining shares from joint venture partner US Steel.
Acero Prime operates four toll processing facilities in Mexico.
“Acquiring the remaining ownership…
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Very good overview of the weekly steel market.
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