06
Feb
13:39
Aperam delays Genk investment on weaker 2018 results
Stainless steel producer Aperam says that it is to put a previously-announced investment in a new AOD converter for its Genk mill on hold. The decision comes as the company reports weaker full year results in 2018 compared with those in 2017, Kallanish notes.
While the new converter will not be commissioned, the company confirms that the new cold rolling and annealing and pickling line for the Genk site will be built as planned.
The decision to delay the inve…
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Very good overview of the weekly steel market.
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