14
Dec
11:45
Competition authorities approve Marcegaglia’s Outokumpu longs unit acquisition
The European Commission and the US competition authority have approved Outokumpu’s divestment of its long products division to Italian re-roller Marcegaglia, Kallanish learns from the stainless steelmaker.
The merger remains subject to closing conditions and antitrust regulatory approvals. Outokumpu expects it to be completed at the beginning of 2023.
Marcegaglia will buy an electric arc furnace mill for speciality steels, a wire rod rolling plant and bar p…
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Very good overview of the weekly steel market.
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