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Through Inoxum, Outokumpu acquired stainless steel mills in China, Mexico, Bochum, Germany, Werdohl, Germany, and in Calvert, Alabama, USA. On 30 November 2013, Outokumpu announced it would sell AST, certain service centers and the VDM Metals business to Thyssen Krupp, and in turn, ThyssenKrupp would sell its 29.9% shares in Outokumpu, and ...
Calvert is an unincorporated community and census-designated place (CDP) in Mobile and Washington counties, Alabama, United States. [1] [4] It is located in the extreme northeast corner of Mobile County and southeast corner of Washington County near the Tombigbee River, along U.S. Route 43. As of the 2020 census, the population of Calvert was ...
GE Energy Power Conversion France SAS v. Outokumpu Stainless USA, LLC, 590 U.S. ___ (2020), was a United States Supreme Court case in which the Court held that the Convention on the Recognition and Enforcement of Foreign Arbitral Awards does not conflict with domestic equitable estoppel doctrines that permit the enforcement of arbitration agreements by nonsignatories to those agreements.
TOKYO (Reuters) -Nippon Steel said on Friday it will sell its entire 50% stake in a joint-venture steel plant it has in Calvert, Alabama, with ArcelorMittal, if the top Japanese steelmaker ...
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The terminal was necessary since the Tombigbee River depth and lack of turning basins prohibit deep draft ship navigation to the site in Calvert. [25] The world steel industry peaked in 2007, just as the company spent $12 billion to build the two most modern mills in the world, in Alabama and Brazil. The worldwide Great Recession started in 2008.
Steel producers Outokumpu, Nucor, SSAB, ThyssenKrupp, and U.S. Steel have facilities in Alabama and employ more than 10,000 people. In May 2007, German steelmaker ThyssenKrupp selected Calvert in Mobile County for a 4.65 billion combined stainless and carbon steel processing facility. [ 23 ]
On 26 February 2014, ThyssenKrupp sold its carbon steel facility in Calvert, Alabama to ArcelorMittal and Nippon Steel for $1.55 billion. The facility was renamed AM/NS Calvert through the 50/50 joint partnership with Nippon Steel & Sumitomo Metal Corp. [30] [31] In September 2014, ArcelorMittal and Gerdau sold Gallatin Steel to Nucor for $770 ...