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Steel major Sidenor buys Eplus to secure metals supply

Spanish steel company Sidenor Group has acquired industrial scrap recycler Eplus.

Eplus processes mostly ferrous and non-ferrous metals as well as paper, cardboard and plastics in Barcelona.

Sidenor, which produces specialty steel grades, says the move is part of a strategy to reduce carbon emissions and improve sustainability. The deal was concluded in December.

Second acquisition

It was Sidenor’s second acquisition in 2024. Last January, it took over Miguel Martín based in Madrid. It also bought Aguilar Metal Recycling in 2022.

Sidenor has production facilities in the Basque Country, Cantabria and Catalonia, as well as commercial offices in several European countries.

The steel player says it is now well-positioned to access a substantial metal supply.

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