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Italian long steel producer Acciaierie Venete is acquiring local drawing mill Trafilerie San Paolo, subject to antitrust approval, as part of its vertical integration strategy.
“This merger is consistent with Acciaierie Venete’s long-standing verticalisation process, as well as the recent investment made at the Sarezzo plant in a new rolling mill capable of manufacturing the whole wire rod range.”eurometal.net
Summarized from public sources; check the original articles before acting on it.