Monday, 17 Oct 2011
Dannemora Mineral has signed a 5 year off take agreement with Stemcor UK Ltd for the annual supply of up to 40% of production or approx. 600,000 tonnes of iron ore.
Deliveries will commence in 2013.
Mr Staffan Bennerdt CEO & president of Dannemora Mineral said “The agreement is a confirmation that our products are attractive in the market and means that we have now signed contracts for 80% of our production at full operation and secured our sales for 2012 and 2013.”
Showing posts with label Stemcor. Show all posts
Showing posts with label Stemcor. Show all posts
Monday, October 17, 2011
Saturday, February 26, 2011
Anshan acquires major stake in UK service center USS
Saturday, 26 Feb 2011
Chinese steel producer Anshan Iron and Steel Corporation through Ansteel Holdings Ltd is finalizing their agreement to purchase two thirds of the share capital of UK steel service center USS Ltd. The balance of shares is to be retained by former owners, the Weaver family who will continue to run the company. USS specializes in coil slitting for the construction industry.
Ansteel Holdings Ltd like Ansteel Spain SL is a joint venture company between Anshan and Stemcor.
Based in Halesowen in the West Midlands, USS can slit coils weighing up to 25 tonnes, thickness ranging from 0.33mm to 3.50mm and width ranging from 400mm to 1,525mm. The majority of material slit is galvanized coil mainly direct for end users with some slitting undertaken on behalf of third parties. Typical customers are UK based section rollers serving the construction industry.
Mr Zhang Xiaogang President of Anshan Iron and Steel Corporation said "Anshan is keen to expand its footprint in Europe and is particularly interested in value-adding services that complement the product range. Last year we purchased a 78% stake in Italian steel processor Viganò and now we are making a similar investment in the UK with USS. The Weaver family has extensive experience in the steel service centre business and will be a valuable addition to Ansteel European business."
Mr Julian Verden Group Managing Director at Stemcor the world largest independent steel trader said "We are delighted to enter into this second European joint venture with Anshan, building on the success of Ansteel Spain SL in the Iberian market. In addition to their existing construction and general industrial steel products, Anshan focus on producing high end value added flat products such as metallic coated, color coated and silicon steel."
Mr Anthony Weaver Managing Director of USS said "We are very excited to be working more closely with our new partners, whom we have dealt with for many years. Looking forward we feel that their investment will enhance our customer service and expand our product offering."
Ansteel Holdings Ltd like Ansteel Spain SL is a joint venture company between Anshan and Stemcor.
Based in Halesowen in the West Midlands, USS can slit coils weighing up to 25 tonnes, thickness ranging from 0.33mm to 3.50mm and width ranging from 400mm to 1,525mm. The majority of material slit is galvanized coil mainly direct for end users with some slitting undertaken on behalf of third parties. Typical customers are UK based section rollers serving the construction industry.
Mr Zhang Xiaogang President of Anshan Iron and Steel Corporation said "Anshan is keen to expand its footprint in Europe and is particularly interested in value-adding services that complement the product range. Last year we purchased a 78% stake in Italian steel processor Viganò and now we are making a similar investment in the UK with USS. The Weaver family has extensive experience in the steel service centre business and will be a valuable addition to Ansteel European business."
Mr Julian Verden Group Managing Director at Stemcor the world largest independent steel trader said "We are delighted to enter into this second European joint venture with Anshan, building on the success of Ansteel Spain SL in the Iberian market. In addition to their existing construction and general industrial steel products, Anshan focus on producing high end value added flat products such as metallic coated, color coated and silicon steel."
Mr Anthony Weaver Managing Director of USS said "We are very excited to be working more closely with our new partners, whom we have dealt with for many years. Looking forward we feel that their investment will enhance our customer service and expand our product offering."
Wednesday, February 23, 2011
Ansteel join hands with Stemcor for buying British USS Machining Center
Wednesday, 23 Feb 2011
It is reported that on February 17th 2011, Mr Zhang Xiaogang GM of Ansteel Group, signed an agreement with Mr Julian Verden of Stemcor in Brussels for establishing Ansteel British Holding Company and purchasing British USS Machining Center.
London based Ansteel British Holding Company, expected to start operation in March, will purchase 2/3 shareholdings of British USS Machining Center.
According to the agreement, Ansteel Group British Holding Company will lead the macro management and operation in the region on behalf of Ansteel and Stemcor.
Mr Zhang Xiaogang indicated that, purchasing the machining center is beneficial for Ansteel to provide value added services and develop overseas marketing systems, so as to further improve Ansteel brand value.
In late 2007, the Chinese steelmaker formed a joint venture, Ansteel Spain SL, with Stemcor to market steel products in Spain.
(Sourced from Xinhua)
It is reported that on February 17th 2011, Mr Zhang Xiaogang GM of Ansteel Group, signed an agreement with Mr Julian Verden of Stemcor in Brussels for establishing Ansteel British Holding Company and purchasing British USS Machining Center.
London based Ansteel British Holding Company, expected to start operation in March, will purchase 2/3 shareholdings of British USS Machining Center.
According to the agreement, Ansteel Group British Holding Company will lead the macro management and operation in the region on behalf of Ansteel and Stemcor.
Mr Zhang Xiaogang indicated that, purchasing the machining center is beneficial for Ansteel to provide value added services and develop overseas marketing systems, so as to further improve Ansteel brand value.
In late 2007, the Chinese steelmaker formed a joint venture, Ansteel Spain SL, with Stemcor to market steel products in Spain.
(Sourced from Xinhua)
Tuesday, February 22, 2011
Anshan Steel sets up JV to acquire UK-based USS processing center
Tuesday, 22 February 2011
Liaoning Province-based Chinese steel producer Anshan Iron and Steel Group has announced that it has signed an agreement with Stemcor, the world's largest independent steel trader, to set up a joint venture holding company in the UK called Anshan Steel UK Holding Company which will acquire the USS processing center.
The joint venture company will acquire a two-thirds stake in the USS processing center.
The investment is in line with Anshan Steel's general development strategy for the expansion of its overseas business.
Tags: China , UK , Europe , Far East , investments , M&A , steelmaking , trading , East Asia and Pacific , European Union
(sourced:steelorbis)
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