Brief: Outokumpu Not To Invest In Cold Rolling Capacity Expansion In US

Outokumpu Oyj

13/02/2025 08:36

Feb 13 (Reuters) - Outokumpu Oyj  OUT1V.HE :
    * OUTOKUMPU HAS DECIDED NOT TO INVEST IN COLD ROLLING CAPACITY EXPANSION IN THE U.S. AT THIS
POINT
OF TIME
    * SAYS THAT GIVEN CURRENT UNPREDICTABLE MARKET ENVIRONMENT WITH SIGNIFICANTLY INCREASED
IMPORTS IN
THE RECENT YEARS, MAINLY FROM ASIA, THE FEASIBILITY STUDY DID NOT SUPPORT MAKING THE INVESTMENT
NOW
    * IMPACT OF THE NEWLY INTRODUCED TARIFFS TO BE ASSESSED – U.S. IS AN ATTRACTIVE MARKET TO
OUTOKUMPU
    * SAYS SINCE TARIFFS MAY DECREASE IMPORT PRESSURE, WILL FOLLOW THE SITUATION CLOSELY
    * KEEPS TARGET TO INCREASE COLD ROLLING CAPACITY IN BUSINESS AREA AMERICAS BY 80
KILOTONS BY END-2025

Source text:  ID:nPn8WnqmYa 
Further company coverage:  OUT1V.HE 

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