Japanese Sumitomo Corporation Global Metals (SCGM) and ITOCHU-MARUBENI STEEL announced the merger of their distribution operations in flat steel. Integration will unite their joint enterprises Mazda Steel and Benichu Summit Coil Center, which specialize in storage, processing and distribution of steel.
after a merger, all types of activities will continue within the framework of the Mazda Steel, creating a more solid distribution of The Japanese market is steel. The confluence is scheduled for October 1, 2025.
Strategic Mergers' goals
the company emphasized that the integration was aimed at providing products and services from more high added value to business partners and strengthening long-term cooperation with interested parties, including local communities.
The main directions of joint ventures
- Mazda Steel: specializes in the processing, cutting and sale of steel sheets, especially for Mazda and manufacturers of automobile parts.
- Benichu Summit Coil Center: It is concentrated on scissors, processing and sale of steel steel sheets for wider industrial consumers.
