Outokumpu extends hot rolling partnership with AM/NS until 2051

Outokumpu has extended its existing tolling agreement with ArcelorMittal Nippon Steel (AM/NS) for hot rolling services in Calvert, Alabama, until October 1, 2051. The contract is subject to four years prior written notice with the earliest effective termination date being October 1, 2042.

“We have been carefully assessing how to best arrange our operations in the U.S. to achieve our commercial ambitions in the North American market, and the extension to the existing tolling agreement is a capital efficient solution.”outokumpu.com

• 1 source
• outokumpu.comInsider information: Outokumpu has successfully negotiated a long-term extension to its partnership with AM/NS until 2051 for the procurement of hot rolling services in business area Americas | OutokumpuNov 29, 2023

Summarized from public sources; check the original articles before acting on it.