Outokumpu : Sensible decision to shelve US hot rolling project, investment case unchanged
>A sensible decision as reflected in the very positive reaction from the market - On Wednesday evening, Outokumpu announced that it was shelving plans to develop its own hot rolling mill in the US and held a conf call yesterday afternoon to come back on this decision. The group had disappointed the market in August by announcing a feasibility study for a hot rolling mill, while it currently procures hot rolled sheets from AM/NS Calvert, a JV between ArcelorMittal and ...Outokumpu is organized into the following five business areas: Coil Europe, Middle East and Africa, which consists of stainless operations as well as ferrochrome production in Europe; Coil Americas, which produces standard austenitic and ferritic grades as well as tailored products; APAC, which includes cold rolling facility and coil and plate service center in China, as well as a coil service center in Australia; Quarto Plate, which is comprised of the quarto plate production facilities in Sweden and in the U.S.; as well as Long Products, in which its products are used in a range of applications such as springs, wires, surgical equipment, automotive parts and construction.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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