Outokumpu, a global stainless steel manufacturer, has signed an agreement to divest the majority of its long products business to Italy’s Marcegaglia Steel Group for 228 million euros ($228.73 million), the company announced on 12 July. It also said that it will focus on its core business of flat stainless steel products. The company expects the divestment to be completed by the end of this year.
Leave a Reply