Tag: Urban-mining initiatives

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

Jun 17, 2024

—

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…