Industry News

Finnish Outokumpu evaluates business expansion into US

Views : 75
Update time : 2023-08-10 16:09:17
According to the report, Finnish stainless steel producer Outokumpu began to explore the possibility of expanding production in the US to meet the growing demand for stainless steel. Outokumpu planned to increase the production capacity of stainless steel cold-rolled coils and gradually establish its own hot-rolled plant in Calvert, Alabama.

The company has certain critical supplier dependencies. Currently, in the US, Outokumpu is still procuring stainless steel hot-rolled products from an external party under an agreement valid until 2036. They found that business profitability continually picks up in the US, and they intended to improve the production capacity in Alabama plants while surveying the appropriate solution to achieve business goals.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11