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According to media reports citing informed sources, Cargill—one of the world's largest commodity traders—is in talks with the Australian investment bank Macquarie Group regarding the sale of its steel trading business.
Reports indicate that Cargill is considering divesting its steel trading division as it seeks to sharpen its focus on core operations such as food and agriculture. HCT980XG+ZM Hot dip Zinc-magnesium alloy coating (ZM) steel , However, no official announcement regarding the deal has been made, the outcome of the negotiations remains uncertain, and neither party has commented on the matter.
Public information from Cargill reveals that its Singapore-based metals division trades approximately 60 to 70 million tonnes of iron ore and 4 million tonnes of steel annually, HCT980XG+ZM Hot dip Zinc-magnesium alloy coating (ZM) steel , making it a significant player in the international market for steel raw materials and finished steel products.
This potential sale takes place against the backdrop of a challenging outlook for the global iron ore market. Additionally, reports indicate that the U.S. steel processor Worthington Steel has previously completed a public tender offer for the German steel service center company Klöckner & Co SE. HCT980XG+ZM Hot dip Zinc-magnesium alloy coating (ZM) steel , Worthington stated that the transaction would help expand its product portfolio, optimize its end-market footprint, and strengthen its regional market coverage.
