9,012.87 TRY BIST 100 BIST 100
4.90 CNY CNY CNY
34.17 USD USD USD
37.72 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.62 TRY Interest Interest
74.90 USD Fossil Oil Fossil Oil
31.63 USD Silver Silver
4.65 USD Copper Copper
107.97 USD Iron Ore Iron Ore
367.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,922.29 TRY Gold (gr) Gold (gr)

Arvedi Group prepares to outsource its operations in Türkiye to a local company

Arvedi Group intends to sell AST Türkiye to Sarıtaş Çelik by transferring its assets in Türkiye.

Arvedi Group prepares to outsource its operations in Türkiye to a local company

Arvedi Group, an Italian steel producer, is planning to dispose of AST Türkiye, to Sarıtaş Çelik (Sarıtaş Steel). AST Türkiye, located in the industrial zone in Gebze, has an annual stainless steel processing capacity of over 30,000 tons and supplies products to a wide range of sectors from automotive to appliances.

According to some sources, AST's assets, which were acquired by Thyssenkrupp in 2021, were later integrated into Acciai Speciali Terni, a German company owned by the Arvedi Group. Sarıtaş Steel is known as Türkiye's leading stainless steel processing service center and industrial depot complex with an annual production capacity of 100,000 tons and is expected to further dominate the domestic market with its wide range of stainless flat steel products.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

Fortescue introduces electric graders powered by Zero battery system

Thursday, October 3, 2024

China files appeal to WTO on Canada’s electric vehicle and steel tariffs

Thursday, October 3, 2024

NMDC's iron ore sales increased by 13.83% in September

Thursday, October 3, 2024

Outokumpu Mexinox faces delivery delays after flooding halts production

Thursday, October 3, 2024

Shyam Metalics launches stainless steel rebar for coastal projects

Thursday, October 3, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now