Outokumpu initiates a strategic review of business area Long Products

Outokumpu initiates a strategic review of business area Long Products

Outokumpu has initiated a strategic review of business area Long Products as part of its process to determine optimal long-term business mix for the company. During the review, Outokumpu will investigate multiple options regarding the business area’s future including opportunities for consolidation within the stainless long products markets. The strategic review is expected to be finalized during 2020.

In 2019, business area Long Products’ net sales amounted to EUR 642 million and adjusted EBITDA was EUR -7 million.

For more information:

Reeta Kaukiainen, EVP – Communications and IR, tel. +358 50 522 0924

Outokumpu Oyj