Tag: Ferrous and non-ferrous scrap metals

Japan: Mitsui to acquire over 20% stake in India’s MTC Group

Jun 17, 2024

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by

Anshuman

in Melting Scrap

Japanese trading giant Mitsui & Co. is set to invest approximately 20 billion yen ($127 million) to acquire more than 20% of the MTC Group, a leading steel recycling company based in India by the end of FY 2025. This move will elevate MTC to an equity-method affiliate of Mitsui. Strategic focus on decarbonisation: Mitsui’s…