YUSCO interested in Outokumpu’s Italian stainless steel plant

Friday, 20 September 2013 12:53:15 (GMT+3)   |   Istanbul
       

Taiwanese stainless steel producer Yieh United Steel Corp (YUSCO) may bid for Outokumpu's stainless steel plant Acciai Speciali Terni (AST) in Terni, Italy, seeking to expand its international presence, according to Reuters.
 
The Terni-based stainless hot and cold rolled coil (HRC & CRC) producing subsidiary of Outokumpu was put up for sale as Outokumpu offered to divest it to win competition authority approval for its purchase of Inoxum, the stainless steel arm of rival ThyssenKrupp.
 
Acciai Speciali Terni is valued at over €500 million in Outokumpu's latest financial report, though the sales price of the company is expected to be lower than this amount.
 
There are three other bidders for Acciai Speciali Terni, namely, a consortium led by Luxembourg-based steelmaker Aperam and including Italian steel companies Arvedi and Marcegaglia, JPMorgan's private equity firm One Equity Partners, and private equity company Apollo.
 
The annual steel production capacity of Acciai Speciali Terni  is 1.7 million mt.

Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Local Chinese stainless steel prices mostly decrease

28 Mar | Flats and Slab

Ex-China stainless steel prices edge down

26 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Local Chinese stainless steel prices move down slightly

20 Mar | Flats and Slab

Ex-China stainless steel prices move sideways

19 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

Local Chinese stainless steel prices mostly move down slightly

13 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 10, 2024

07 Mar | Flats and Slab

Local Chinese stainless steel prices mostly stable, some slight downticks also

07 Mar | Flats and Slab