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Stemcor acquires steel service centre in Finland

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Stemcor acquires steel service centre in Finland

18/09/2012

Stemcor, the worlds largest independent steel trader, has acquired SteelTeam Oy, a steel service centre based at the deep-sea port of Uusikaupunki in Finland. SteelTeam is a flat steel service centre 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 & sheets; cold rolled coils, slits & sheets; galvanized coils, slits & sheets; and colour coated coils, slits & sheets. It can cut sheets from coils up to 20mm thick and up to 2150mm wide, as well as slit coils up to 3mm thickness.

Stemcor has appointed Juha Yrjänä as Managing Director of SteelTeam to replace Gustaf Kranck, SteelTeams former owner, who is stepping down from the business. Prior to joining Stemcor, Juha Yrjänä spent twenty years with Rautaruukki Oyj in different management positions in sales and processing.

Julian Verden, Group Managing Director at Stemcor, said: Part of Stemcors growth plan is to expand down the steel supply chain in distribution, stockholding and service centres. The acquisition of SteelTeam, with its strategic port location, will enable Stemcor to increase our market presence in Scandinavia. We are delighted that Juha has joined us and are committed to growing the business and providing the highest level of quality and service to SteelTeams customers.

Juha Yrjänä, SteelTeams new Managing Director said: SteelTeam now has a good opportunity to move into its next phase of development as a part of Stemcor. The company can prosper with the backing of a larger group while its customers can benefit from Stemcors global network and wide range of services. As a part of the development process, the company will be renamed Stemcor Finland Oy.

Stemcor, London