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Nippon Steel Trading has announced an agreement to acquire all shares of CLN Slovakia, a steel service centre in Košice, from Italy's CLN Group. The deal is executed through Nippon Steel Trading Austria GmbH and reinforces steel distribution in Europe. The purchase price was not disclosed.
“Bringing the downstream processor under the same corporate umbrella as the upstream mill closes a loop that has long been an aspiration of integrated steel groups.”oreaco.com
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