Special
bar steel company Grupo Simec SAB de CV (NYSE MKT:SIM) reported on Wednesday the repurchase of 100,000 of its own shares (SIMEC-B) through its repurchase fund.
This follows the company's acquisition earlier in 2012 of Jean Wauters and its French subsidiary IPM Acier SAS, a leading supplier of
bar steel.
10 January 2012 - Dutch steel pipes, components and valves trader The Van Leeuwen Pipe and Tube Group said on Tuesday it had taken over Belgian
bar steel supplier Jean Wauters-acier speciaux SA and its French IPM Acier SAS unit, without disclosing the price.
The producers of
bar steel for reinforced concrete have chosen to integrate into a competitive group amid declining construction demand, they said.
Ispat Panca Putra (IPP) operates in round
bar steel industry with a production capacity of 300,000 tons a year.
* SPECIAL BAR QUALITY (SBQ)--Forms of
bar steel with narrow metallurgic specifications often made to fill customized orders.