German steelmaker Salzgitter has taken over Must-Metalle-Container-Recycling, which specialises in recovering scrap materials and metals from its Goslar base in the Harz region.
The purchase price is not being revealed. Salzgitter says it is part of its ‘circular’ strategy for greener steel.
Must was founded in 1909 as an owner-managed family business and operates a container supply and scrapping business, dealing predominantly with companies in the metals processing sector. It also has a downstream sorting and processing operation to supply quality grades of scrap.
‘As part of the Salcos low CO2 steelmaking programme that is pioneering the transition to virtually CO2-free steel production, the Salzgitter Group intends to significantly expand its scrap recycling activities,’ it says.
‘This acquisition represents a further development in circularity in the immediate vicinity of the steel-making location of Salzgitter, and will facilitate the use of high-quality secondary raw materials in the production of steel.’
The Must company will operate as an independent undertaking within the Salzgitter group and will trade as Harzer Schrott und Recycling (Harz Scrap and Recycling).