9,312.13 TRY BIST 100 BIST 100
5.28 CNY CNY CNY
43.56 EUR EUR EUR
38.31 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
46.74 TRY Interest Interest
66.21 USD Fossil Oil Fossil Oil
41.10 USD Silver Silver
488.00 USD Copper Copper
99.70 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,091.06 TRY Gold (gr) Gold (gr)

European distributors create a large EU buying group

Five European buying companies have created a large buying unit called Astedis, covering a Europe-wide network.

European distributors create a large EU buying group

The distributor groups that have signed a joint cooperation agreement include Coalsider from Spain, European Steel Group from Poland, Nordwest from Germany, Sider Center from Italy and Socoda from France.

Together, these five associations represent more than 200 medium-sized steel distributors. The aim of the network is to create synergies and develop strategic relationships with Europe's largest producers, as well as being a sales reference for major European producers.

Astedis members said in a statement, "For the newly created network, it is important that the groups of companies continue to be fully independent in their national markets and that the specific characteristics of each market are respected. Private trade between medium-sized companies has become more important in recent years. Astedis wants to be a benchmark in Europe for this trade. We believe that our strategic network will create new opportunities for all partners involved... The cooperation wants to take on future challenges and changes in the steel market related to digitalization, changing purchasing markets and issues such as green steel." They added that the cooperation between Astedis and the main European producers will further strengthen and consolidate steel distribution at a time of profound changes in the market.

"This network can be seen as an element of strength and will open a dialog at the international level but respecting the differences of each country involved," commented a member of the network.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

UAE scrap and steel market seeks balance as saudi rebar prices hold steady

Friday, April 25, 2025

France seeks safeguards against imported Chinese steel

Friday, April 25, 2025

Sustainable transformation in the steel industry: Gemini Corporation's vision and actions

Friday, April 25, 2025

Leaders of the Steel World Meet at Steel Summit 2025

Friday, April 25, 2025

Tuğba Çimenci: EU's Steel Plan creates both pressure and opportunity for the Turkish industry

Friday, April 25, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now