The EUR228 million deal includes melting, rod and bar operations in Sheffield, England; bar operations in Richburg, S.C., USA; and a wire rod mill in Fagersta, Sweden. 
 
"I want to thank the personnel in Sheffield, Richburg and Fagersta for our joint journey as part of Outokumpu. It makes us pleased that the new owner, Marcegaglia, is a responsible and committed owner to develop Long Products business even further. As for Outokumpu, we can now fully focus on our core business of stainless steel flat products and ferrochrome according to our strategy," said Outokumpu president and chief executive Heikki Malinen.