Triple-S Steel takes stake in Northern European distributor

Triple-S Steel Holdings and a European partner have taken a major equity stake in Zimmer Staal, a steel distributor based at the Port of Antwerp in Belgium.

Triple-S, the Houston-based distributor group that handles more than 1 million metric tons (mt) of steel each year, made the joint investment with the Frankstahl Group. Frankstahl is a Vienna-based stockist with more than 20 locations in 10 countries throughout Central and Eastern Europe.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

Laura Miller

Latest in Company Announcements

Nucor increases spot HR by $10/ton

SSAB Americas hikes extras, doubles Grade 50 adder

SDI expects higher earnings in Q3, boosted by steel operations

Nucor sees higher steel prices driving higher Q3 profits

Flux Steel plans GOES production at former ATI plant in Ohio