Outokumpu has now completed the divestment of the Long Products business in Degerfors and Storfors to Cogne Acciai Speciali.
Outokumpu has therefore exited the long products business. The company now focuses fully on its core business, stainless steel flat products and ferrochrome. Outokumpu’s plate operations in Degerfors are not affected by the divestment.
The enterprise value of the transaction is EUR 12M and it has a positive cash impact for Outokumpu.