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Inoxum/Outokumpu merger leaves officials confident in face of stainless competition

February 03, 2012 - 14:26 GMT Location: London

KEYWORDS: ThyssenKrupp , Inoxum , Outokumpu , stainless steel , Europe , Asia

A recent deal struck between ThyssenKrupp and Outokumpu has left officials confident that the new entity will be Europe’s strongest stainless producer.

Germany-based ThyssenKrupp’s stainless steel arm, Inoxum, will combine with fellow stainless maker Outokumpu in a deal worth €2.7 billion ($3.6 billion), ThyssenKrupp said on Tuesday January 31. “The new group will, without a doubt, be the strongest stainless entity within...

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