25
Nov
13:16
Outokumpu takes stake in German stockholder
Outokumpu Nirosta in Krefeld has acquired a minority share in a German stainless steel service centre, Hernandez Edelstahl.
Outokumpu says that it has taken this step “… in order to strengthen the growth and the development of Hernandez Group. We hope to support the positive track of progress of the company,” the stainless steelmaker says in a statement. The transaction is still being examined by the European cartel authority.
The EU’…
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Very good overview of the weekly steel market.
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