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German NMH Stahlwerke attracts Saudi interest |
| Padua-based Acciaierie Venete is due to make
a decision on whether to take on and revamp Germany’s NMH Stahlwerke
within the next few weeks. Together with its partner, the southern German
Scholz group, the Italian company has been in talks with the bankruptcy
administrators and the Bavarian Land government for some time.
However, Venete and Scholz’s interest in NMH Stahlwerke is diminishing, say local industry reports. They would be required to build a new 80-100t EAF, which Scholz would supply with scrap. NMH currently has a rated capacity of
400,000-500,000 t/y. Its products include bars, and profiles. Venete has a
similar production range. The approach of the Bavarian government is unclear. In the past, it has been suggested that the Land might have been willing to subsidies the installation of a new furnace but could not afford a new EAF without partners. |
| 11th Sep 2001 |
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