Stemcor acquires steel service centre in Portugal

Stemcor, the world’s largest independent steel trader, has acquired Portuguese service centre Semi-Produtos de Metais, Lda (‘Semimetais’) from Wieland Group. Semimetais stocks a range of cold rolled, pickled & oiled and zinc coated steel coils and offers cut to length and slitting facilities with processing capacity of 30,000 tonnes per annum.

From its base in Gaia in Northern Portugal - between the ports of Aveiro and Leixoes - and with warehouse facilities in Lisbon, Semimetais serves over 500 customers nationwide. The business is focused primarily on steel but also sells aluminium, brass and copper products. The main supplier of steel is Eurosteel Portugal, Stemcor’s import distribution business in Lisbon.

Jose Rufino, managing director of Eurosteel Portugal said: “Wieland is a leading manufacturer of copper and copper alloy products and has decided to divest Semimetais as a non-core activity. Semimetais is the perfect fit for the Stemcor group, as we are keen to expand down the steel supply chain and add value to our domestic service offering’.

Under the ownership of Stemcor, Semimetais will continue to distribute the products of the Wieland Group.