11,172.75 TRY BIST 100 BIST 100
4.56 CNY CNY CNY
33.00 USD USD USD
35.93 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.17 TRY Interest Interest
82.37 USD Fossil Oil Fossil Oil
28.80 USD Silver Silver
4.15 USD Copper Copper
103.01 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,530.70 TRY Gold (gr) Gold (gr)

Severstal expands strategically by acquiring A Group's distribution business

Severstal, a major Russian steel producer, strategically expands its market presence through the acquisition of the distribution business of A Group Corporation.

Severstal expands strategically by acquiring A Group's distribution business

An important step was taken by Severstal as part of its strategy to expand its influence in the Russian market. The major steel producer announced the acquisition of the distribution business from A Group Corporation, which was owned by the structures of Alexey Zaitsev, a well-known founder and CEO of the company.

A Group stands out from other metal service corporations in Russia with its impressive performance and wide branch network covering regions from Minsk to Yuzhno-Sakhalinsk. In 2023, it sold more than 1.2 million tonnes of steel products, mainly in the construction industry, and has a rich product line of more than 5,000 products.

According to Severstal CEO Alexander Shevelev, this acquisition is in line with the company's strategy and will strengthen its leadership in the Russian market. It is planned to increase the distribution division's sales volume to 3 million tonnes in 2024, which will make Severstal one of the three largest players in this area. This step will also provide the company with a federal distribution network with extensive warehousing capacity across the country.

Special attention is given to preserving A Group's third-party purchases, which will allow Severstal to increase sales volumes, maximise their efficiency and flexibility, and provide customers with prompt access to a variety of products and services. In accordance with the FAS order, all concluded contracts for the supply of steel products will be fulfilled, while maintaining the structure of A Group's product range and geography.

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

Ukrainian Railways increased cargo transportation by 28% in the first half of 2024

Tuesday, July 23, 2024

The decline in global steel prices pushes India into the import market

Tuesday, July 23, 2024

MMK announced its operating results for the 2nd quarter and 6 months of 2024

Tuesday, July 23, 2024

ArcelorMittal Poland closes coke battery in Krakow

Tuesday, July 23, 2024

Made in Steel 2025: Steel industry is shaping the future!

Monday, February 26, 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