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Marcegaglia: new structure to be always more protagonist of the steel industry

Starting from November 1st, 2015 Marcegaglia completed a strategic path of re-organization of its activities: a "more clear and indisputable division" as explains the Chairman Antonio Marcegaglia during an interview to Siderweb, "between the non-core activities (such as tourism, household appliance components, building …) and the core business activities, the steel manufacturing, the sector on which we want to focus and strengthen our role and positioning".

According to this re-organization, the 3 main businesses of Marcegaglia activities are gathered under the holding Marcegaglia Steel albeit divided in three different companies: the carbon steel activities (which means carbon steel flat products and tubes), specialties (which means stainless steel products and cold-drawn bars) and plates (heavy quarto plates).

The objective is twofold: first to give more transparency both inside and outside the group, while on the other side "the industrial value is the chance to grow and be always more a protagonist of the steel industry also (eventually) gathering other partners on a long-term path that, in terms of consolidation, could also include the first and second transformation. Growth is our obsession and we want to grow playing the role of protagonist of the steel industry . We believe that to reach our goal, this process is more functional to the profitability and sustainability of the business instead of adding new capacity", concludes the Chairman Antonio Marcegaglia. Watch here the interview (Italian language).

Watch here the interview (Italian language).