Mitsui Bussan Steel transfers MM Building Materials stake to Mitsui & Co.

Mitsui Bussan Steel (MBS) transferred its 50% stake in MM Building Materials, a construction steel and scrap trading joint venture with Metal One, to Mitsui & Co. effective October 1, 2022, to strengthen Mitsui's involvement in infrastructure and cold iron source strategy.

“三井物産の経営関与を強化するのが狙い。インフラ領域や冷鉄源戦略を加速させる。”japanmetaldaily.com

• 1 source
• japanmetaldaily.com三井物産スチールのエムエム建材株式／三井物産へ移管／インフラ、冷鉄源戦略を加速 | 日刊鉄鋼新聞 Japan Metal DailyOct 4, 2022

Summarized from public sources; check the original articles before acting on it.