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Dennen joins forces with SteelSalvor.

Publication: Metal Center News
Publication Date: 01-JUL-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Dennen joins forces with SteelSalvor.(SERVICE CENTER NEWS)

Article Excerpt
STEELSALVOR, the Web-based steel auction and marketing site, and Dennen Steel Corp., a $100 million dollar U.S. service center, have announced a strategic partnership to make the distribution channel for non-prime steel more profitable, facilitate easier access to metals supply and address industry consolidation issues. As part of the agreement, Dennen Steel has taken an equity stake in the emerging Internet company and will leverage its relationships with steel producers to introduce the benefits of SteelSalvor to the mill sector.

Dennen's investment validates the belief that SteelSalvor's model for metals distribution will increase the value of excess and secondary steel materials for steel mills and their customers, says Scott Shapiro, CEO of SteelSalvor. By...

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