Marubeni-Itochu Steel announced on June 29th to reorganize and bolster auto-flat steel processing bases in US.The firm acquires 100% ownership of RSDC Michigan, the world’s largest blanking company, by adding acquisition of 50% shares.
The firm will close Michigan firm of MISA Metal Blanking which is totally-held subsidiary, and integrate its equipments into Alabama factory.Japan Steel Scrap Composite Prices (Sangyo Press)
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