Italian steelmaker Cogne Acciai Speciali, which specializes in the production of stainless long products and nickel alloys, has announced that it has completed the acquisition of a 65 percent stake in Italian stainless steel and nickel alloy recycler Com.steel Inox S.p.A. (Inox).
The company has finalized the acquisition for a cash consideration of €24 million, stating that this upstream integration will enable it to fulfill its circularity commitments.