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03 Jan
21:41

Outokumpu completes Long Products division divestment to Marcegaglia

Outokumpu has completed the divestment of the majority of its long products division to Italian re-roller Marcegaglia, the Finnish steelmaker tells Kallanish. Marcegaglia agreed last July to acquire Outokumpu’s Long Products division for €228 million ($243m). Last month, the European Commission and US competition authority approved the move. “I want to thank the personnel in Sheffield, Richburg and Fagersta for our joint journey as part of Outoku…
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