Hanwa

Japan's Hanwa Co. completed the acquisition of a 50.1% stake in US-based Associated Steel Group (ASG) through its North American unit Hanwa American Corp., with Development Bank of Japan acquiring the remaining 49.9%. The total investment is estimated at $226 million.

Hanwa Co., Ltd. established Hanwa Steel Service Tijuana (HSTJ) in Rosarito, Baja California, and began full operations in August 2026. The coil center processes and sells thin steel sheets, serving industries such as electrical equipment, HVAC, and medical devices.

Hanwa Co. Ltd. agreed to acquire a 50.1% membership interest in Associated Steel Group LLC, a US steel structure manufacturer, for $347 million through a joint investment with Development Bank of Japan.