German SBQ stockholders reshuffle ownership

Heine + Beisswenger, a German steel distribution group selling and processing special bar quality steel (SBQ), has assumed full ownership of Heine + Bleck in Hermsdorf, Thuringia, as of 1 January.

The eastern German house until last year was partly held by Andernach + Bleck, a bright bar producer based in Hagen, North Rhine Westphalia. Also as of 1 January, Andernach + Bleck sold its stake in a house in Bremen, Roland Stahl, to Alois Schmitt GmbH. Andernach + Bleck, which in Italy owns Metalli Trafilati, says it will keep focusing on its bright bar production, and keep supplying the houses in Bremen and Thuringia.

Separately, Heine + Beisswenger in December announced that it has forged a partnership with mill group Georgsmarienhütte Holding (GMH) and tool maker Sandvik Coromant for the promotion of carbon-free steel. So far, the partners within their alliance pursue separate activities, Kallanish understands. Georgsmarienhütte earlier announced that it will make CO2-neutral bars in its EAF by means of green electricity. Machining specialist Sandvik Coromant’s low-emission ambitions focus on one of its products for the aviation and automotive industry.

Heine + Beisswenger will be banking on renewables for its logistics, storage and processing services. The group is headquartered in Fellbach in southern Germany. It operates 12 sites and per year and processes some 250,000 tonnes of bar steels.

Christian Koehl Germany