Stemcor sets up joint venture with Anshan in Spain
Stemcor, the world’s largest independent steel trader, has set up a joint venture with Chinese steel producer Anshan Iron and Steel Group to market steel products in Spain. Under the agreement a new company will be established, Ansteel Spain SL, which will become the exclusive agent for trading and distributing Anshan’s wide range of steel products throughout the Iberian peninsula.
The agreement was signed by Zhang Xiaogang, Chairman and Managing Director of Anshan Iron and Steel Group, and Ralph Oppenheimer, Executive Chairman of Stemcor, on November 8th in the city of Anshan in northern China. Commenting on the agreement, Ralph Oppenheimer said: “Anshan and Stemcor have been trading together for over ten years. This joint venture strengthens our relationship and provides a platform for the responsible marketing of Chinese steel in Iberia.”