Japan’s Marubeni-Itochu Steel Inc. has agreed to acquire shares in Network Steel Resources, S.A. (NSR), Spain’s largest independent steel group, making it an equity-method affiliate.
Founded in 2002, NSR specializes in the manufacturing, processing, and distribution of steel products, primarily for the construction materials sector. With seven manufacturing and processing facilities across the Iberian Peninsula, NSR is a leading player with annual sales exceeding one mln tons.
Through this investment, Marubeni-Itochu aims to strengthen its presence in Europe, where stable economic growth is anticipated, and enhance NSR’s corporate value by leveraging its network and business infrastructure.
