Germany’s SGL Carbon, a key supplier to the scrap-to-steel industry, is on the lookout for joint venture partners in China as the world’s largest steel producing nation begins to embrace metal recycling.
“A joint venture appears to be the best option. We could contribute years of market knowledge and technological know-how in particular,” said SGL Chief Executive Robert Koehler.
SGL is the world’s biggest supplier of graphite electrodes used in electric arc furnaces that convert scrap steel.
With fledgling Chinese peers gradually emerging as competitors, SGL is eager to strike a deal in China while it still enjoys technological headway over prospective partners.
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