VIDEO: ThyssenKrupp’s stainless steel conundrum
At the end of 2013, German steel group ThyssenKrupp announced it would be buying back the Italian stainless steel plant Acciai Speciali Terni from Finnish stainless major Outokumpu.
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The news was a part-reversal of the €2.7 billion ($3.6 billion) merger of Outokumpu and ThyssenKrupp’s stainless steel division Inoxum, which was completed at the end of 2012.
Following the company’s recent annual general meeting, Steel First’s Elfi Middelbeek explains the German steel producer’s on-off relationship with the stainless sector.