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Kloeckner Metals Corporation was founded in 2011 when subsidiaries Macsteel Service Centers USA and Namasco merged. [3] In 2015, Kloeckner Metals Corporation announced the acquisition of sheet metal fabrication company American Fabricators. [4] [5]
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The acquisition also included the indirect controlling stake (45.54%) of the list subsidiary Maanshan Iron and Steel Co., Ltd. [24] Baowu was owned by Central Government (The State Council)'s SASAC. According to World Steel Association , China Baowu Steel Group was the world second-largest steel producer by volume in year 2018, while Masteel ...
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