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The Finnish producers of stainless steel in relation to America's Napoleonic plans

29 January 2013
The Finnish producers of stainless steel in relation to America's Napoleonic plans

Manufacturers of stainless steel

Finland expects to get control over a bigger part of the market

special steels USA. In particular, the representatives of metallurgical companies «Outokumpu»

(the city of Espoo, South Finland) announced plans to increase the percentage

the presence of stainless metal

own production in this geographical area about 80% (to

a quarter of all sales in the segment instead of its current share of 14%). And,

it seems to start to strengthen its position in the U.S. management «Outokumpu» plans «don't

fish or cut bait». «Implement a program for the development of a larger portion

us market stainless steel alloys we expect in the next 2 years» —

commented on the terms «conquest» of the United States the head of the local

Department of Finnish corporations — Michael Wallis.

«Outokumpu» — the largest player

global stainless steel market with a strong network of offices in 40

countries of the world. Previously, the organization owned a number of mining assets and resources

produced a wide range of low value-added products. However, later owners

the company got rid of most of the enterprises in the commodity sector, leaving

investment portfolio of (mostly) production with high added

value. Today the main products «Outokumpu» — sheet, plate, bar stock

rental, rebar, pipe, fittings and other products from special grades of steel.

28 January 2013
31 January 2013