Finland-based stainless steel producer Outokumpu has announced its financial results for the second quarter of 2013. Outokumpu's net loss widened to €250 million in the given quarter compared to a net loss of €152 million in the ...
Outokumpu North America announced to cut its stainless surcharge for July. After the adjustment, its surcharges for 304 grades decreased to US$0.6641/lb. from US$0.6859/lb. in June; those for 316 grades fell to US$0.9452/lb. from ...
Tags: Outokumpu, Stainless Surcharges
Europe’s stainless steel output totaled 2 million tons in the first quarter of this year, increasing by 20% from a quarter ago and rising by 3% year on year, according to statistics released by the Germany-based service centre ...
Tags: Stainless Steel Output, Mineral
Outokumpu will sell Terni plant, the Europe's biggest and most modern steel plants as a condition for the EU authorities to approve its acquisition of Inoxum. However, Outokumpu was not satisfied with the number of bids or the price ...
Tags: Metallurgy, Mineral, Energy
Reportedly, Finish stainless steel producer Outokumpu announced to start its new ferrochrome works at its plant in Tornio. It’s learned that the company has invested approximately €410 million for the project. ...
Tags: Tornio, Construction&Decoration, Outokumpu
Mika Seitorvita, CEO of Finnish steelmaker Outokumpu, has stated that the bids received so far for its Italian asset Acciai Speciali Terni (AST) do not meet the expectations of the Finnish company. "The bids Outokumpu has received so far ...
Tags: Italy, steelmaking, Outokumpu, European Union, Brescia
Outokumpu North America announced to cut its alloy surcharges for June after the major stainless steel producers including North America Stainless, AK Steel and ATI Allegheny Ludlum announced to cut its alloy surcharges earlier this week. ...
Tags: Outokumpu, Stainless Surcharges, June
Austria-based plantmaker Siemens Metals Technologies has announced that it has received the final acceptance certificate for the stainless steel plant owned by Outokumpu Stainless in the USA. The plant was constructed in Calvert, Alabama, ...
Tags: Siemens, US Stainless Plant
On Thursday, a coalition of US stainless steel pipe producers--Bristol Metals, LLC; Felker Brothers Corp.; and Outokumpu Stainless Pipe, Inc.--filed an antidumping (AD) petition against welded austenitic stainless steel pressure pipe from ...
Tags: Stainless Pipe, Mineral
According to the latest ‘Bi-Monthly Stainless Steel Report May 2013' issued by Germany-based service centre Damstahl, in the first two months of the current year European stainless crude steel production amounted approximately to 1.4 ...
Tags: Damstahl, Stainless Steel Output
Finland-based stainless steel producer Outokumpu has announced that it expects to reduce up to 2,500 jobs globally between 2013 and 2017, as part of its intention to significantly reduce its operating expenses and return the company to ...
Tags: Metallurgy, Mineral, Energy
The European Commission (EC) may oblige Luxembourg-headquartered steelmaker Aperam, which is bidding to buy Outokumpu's Italian stainless steel plant in Terni, to sell other steel assets if it succeeds in the acquisition bid, a commission ...
Tags: Metallurgy, Mineral, Energy
Spain-based stainless producer Acerinox said that the European apparent demand for stainless steel dropped by 6.8% year on year in the first quarter of this year. However, the US apparent demand for stainless steel increased by 9.2% year on ...
Tags: Stainless, Metallurgy, Mineral, Energy
The Spanish stainless steel producer Acerinox S.A. has announced that in the first quarter of 2013 the stainless steel market has experienced an improvement compared to the end of 2012. However, doubts about the economic recovery and the ...
Finnish stainless steel producer Outokumpu has informed Italy's Ministry of Economic Developement that it has received three purchase offers for Terni-based Italian stainless mill Acciai Speciali Terni (AST), according to local Italian ...
Tags: Stainless Steel Mill, Metallurgy, Mineral, Energy