14,127.98 TRY BIST 100 BIST 100
47.90 USD USD USD
7.15 CNY CNY CNY
55.47 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
40.96 TRY Interest Interest
91.45 USD Fossil Oil Fossil Oil
6.48 USD Copper Copper
97.02 USD Silver Silver
96.33 USD Iron Ore Iron Ore
377.25 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
96.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

European distributors create a large EU buying group

Five European buying companies have created a large buying unit called Astedis, covering a Europe-wide network.

European distributors create a large EU buying group

The distributor groups that have signed a joint cooperation agreement include Coalsider from Spain, European Steel Group from Poland, Nordwest from Germany, Sider Center from Italy and Socoda from France.

Together, these five associations represent more than 200 medium-sized steel distributors. The aim of the network is to create synergies and develop strategic relationships with Europe's largest producers, as well as being a sales reference for major European producers.

Astedis members said in a statement, "For the newly created network, it is important that the groups of companies continue to be fully independent in their national markets and that the specific characteristics of each market are respected. Private trade between medium-sized companies has become more important in recent years. Astedis wants to be a benchmark in Europe for this trade. We believe that our strategic network will create new opportunities for all partners involved... The cooperation wants to take on future challenges and changes in the steel market related to digitalization, changing purchasing markets and issues such as green steel." They added that the cooperation between Astedis and the main European producers will further strengthen and consolidate steel distribution at a time of profound changes in the market.

"This network can be seen as an element of strength and will open a dialog at the international level but respecting the differences of each country involved," commented a member of the network.

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

Most read news

HKM restructures management for Salzgitter integration and transformation process

Wednesday, August 19, 2026

Fatin Reşat Durukan: “The US-Iran war has not halted the green steel transition , it has changed the risk matrix”

Wednesday, August 19, 2026

Anshan Steel Prepares No. 4 Blast Furnace for Green and Low-Carbon Transformation

Wednesday, August 19, 2026

BHP: Iron ore demand to remain resilient, India’s imports could exceed 80 million tonnes by 2030

Wednesday, August 19, 2026

Yükselen Çelik completes first half of 2026 with TL 54 million net profit

Tuesday, August 18, 2026
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