Stemcor, the world's largest independent steel trader, has acquired SteelTeam Oy, a steel service center based at the deep-sea port of Uusikaupunki in Finland. SteelTeam is a flat steel service center serving the Scandinavian and Baltic countries. Customer industry segments include machine building, construction, electrical equipment and stockholding.
SteelTeam offers a wide range of steel products including hot rolled plates, coils and sheets; cold rolled coils, slits and sheets; galvanized coils, slits and sheets; and colour coated coils, slits and sheets. It can cut sheets from coils up to 20 mm thick and up to 2,150 mm wide, as well as slit coils up to 3 mm in thickness.
Julian Verden, group managing director at Stemcor, commented, "Part of Stemcor's growth plan is to expand down the steel supply chain in distribution, stockholding and service centers. The acquisition of SteelTeam, with its strategic port location, will enable Stemcor to increase our market presence in Scandinavia."