European Stainless Steel Industry Is Facing with Excess Capacity,Low Profit Margins

European stainless steel industry is facing with excess capacity, imports surged and low profit margins. Although many people think that Europe stainless steel industry must be reformed, but it still can't achieve a consensus on the reform program. Some people believe that restructuring is trend, but some people believe that restructuring difficult to implement. At the same time, the reorganization of time is also different opinions. Industry generally believe that several major European steel giants will promote reform in recently. For example, Arcelor & Mittal divest its stainless steel and electric furnace steel business, establish an independent listed company --- Aperam. ThyssenKrupp plans give up stainless steel business in its main businesses. Outokumpu appoints new CEO to lead the company out of loss dilemma. Acerinox will set up an independent company which is not controlled by main holding company and take over the stainless steel tube business in south of Spain. Arcelor & Mittal stripping its stainless steel business which is part of carbon steel major acquisition in 2006 cause global media concern to this industry. Part of the Iron and Steel Group spin off or sell stainless steel business is order to optimize the latter's independent management. Once ThyssenKrupp spin off its Europe stainless steel business in schedule, the development of European steel industry will become clear. Because four companies have been listed, all financial transparency and fully market-oriented operational. Source: al-metal.org