10
Dec
15:18
Outokumpu concludes Shanghai Stainless share sale deal
Finland’s Outokumpu has completed the sale of some of its shares in the former Thyssen Stainless mill in China, Shanghai Krupp Stainless Co., Ltd (SKS), the company tells Kallanish.
In the transaction, Outokumpu has divested 55% of SKS shares to Lujiazui International Trust Co., Ltd. The Finnish company still holds a 5% share of SKS and continues to operate the cold rolling mill, it confirms. China’s Baosteel owns 40% of the 290,000 tonnes/year mill …
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Anonymous
Very good overview of the weekly steel market.
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