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Godo Steel completes acquisition of Asahi Industries

Steel News - Published on Fri, 22 Mar 2019

Image Source: Ju Feng Special Steel Co., Ltd.
SP Global reported that Japan's Godo Steel acquired 86.96% of shares in Asahi Industries this week, making it one of the mini-mill's subsidiaries from March 25, as part of an overall plan to improve competitiveness, especially in the rebar market.

Godo Steel produces rebar at its Funabashi plant near Tokyo, while Asahi produces rebar and structural steel at its Saitama plant, also near Tokyo, with combined production from these plants hitting a total of around 600,000 mt/year.

This acquisition makes Godo Steel one of the three largest base-sized rebar producers in the Kanto region around Tokyo. The other two are JFE Bars & Shapes with plants in Kashima, Ibaraki prefecture, and in Tobu, Saitama; and Tokyo Tekko and Itoh Iron & Steel which has plants at Oyama in Tochigi, north of Tokyo, and Hachinohe in Aomori, north Japan.

Source :

Posted By : Rabi Wangkhem on Fri, 22 Mar 2019
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