Outokumpu divests 55 % of a Chinese joint venture

摘要

Outokumpu has signed an agreement with Lujiazui International Trust regarding Shanghai Krupp Stainless (SKS) in China. SKS is a Shanghai-based joint venture between Outokumpu and Baosteel, who have held 60% and 40% shares. Being part of Outokumpu's business area APAC, SKS has a cold rolling capacity of 290,000t.