Outokumpu acquires 10% stake in Cronimet North-East for stainless steel production decarbonization
Views : 92
Update time : 2023-11-09 15:54:34
Outokumpu, a leading stainless steel manufacturer in Europe based in Finland, acquired a 10% stake in Cronimet North-East GmbH, a Germany-based stainless steel and alloys recycling company, with a joint target to optimize the raw material cycle.
Outokumpu said that they have the same goals in regional development, which are to accelerate the circular development of the market economy in Northeast Europe, focus on sustainable development, and commit to reducing CO2 emissions during transportation and stainless steel production.
The value of the deal wasn’t disclosed. The acquisition is subject to customary closing conditions and regulatory approvals from competition authorities.
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
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
