Marcegaglia to acquire Outokumpu Long Products division for €228M

Italian re-roller Marcegaglia has agreed to acquire Outokumpu's Long Products division for €228 million, marking its first entry into steelmaking. The deal includes an electric arc furnace mill, wire rod and bar plants in the UK, US, and Sweden, and is expected to close by end of 2023.

“Italian re-roller Marcegaglia has agreed to acquire Outokumpu’s Long Products division for €228 million ($228.1m).”sabbas.com.tr

• 1 source
• sabbas.com.trMarcegaglia enters steelmaking with Outokumpu longs division acquisitionMay 3, 2023

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