The Federal Antimonopoly Service has allowed a company affiliated with Translom to buy the Sinara Group scrap procuring business.
According to the analysts the merged company will not control more than 14% of the scrap market.
In particular, Germes was allowed to buy TMK-Chermet.
There are no companies with the market share over 35% in Russia, and the deal will not result in Germes dominating the market.
With the purchase Translom capacities will grow to 4 million tons, while the combined Russian capacities stand at 29 million tons. (Ukrainian metal)