BRIEF-Outokumpu Not To Invest In Cold Rolling Capacity Expansion In US

Feb 13 (Reuters) - Outokumpu Oyj OUT1V.HE:

• OUTOKUMPU HAS DECIDED NOT TO INVEST IN COLD ROLLING CAPACITY EXPANSION IN THE U.S. AT THIS POINT OF TIME

• SAYS THAT GIVEN CURRENT UNPREDICTABLE MARKET ENVIRONMENT WITH SIGNIFICANTLY INCREASED IMPORTS IN THE RECENT YEARS, MAINLY FROM ASIA, THE FEASIBILITY STUDY DID NOT SUPPORT MAKING THE INVESTMENT NOW

• IMPACT OF THE NEWLY INTRODUCED TARIFFS TO BE ASSESSED – U.S. IS AN ATTRACTIVE MARKET TO OUTOKUMPU

• SAYS SINCE TARIFFS MAY DECREASE IMPORT PRESSURE, WILL FOLLOW THE SITUATION CLOSELY

• KEEPS TARGET TO INCREASE COLD ROLLING CAPACITY IN BUSINESS AREA AMERICAS BY 80 KILOTONS BY END-2025

Source text: ID:nPn8WnqmYa

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