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New European stainless steel group secretly forged in Italy?5 August 2022 – A new big stainless steel group in Europe? In Italian hands? It could come down to that, following the chain of events of the last few months. What started with the sale of Acciai Speciali Terni, could have been just another step towards a new European giant with the purchase of the stainless steel long products division of Outokumpu by Marcegaglia, which would not have to hide internationally either. Nickel prices in Asia and Europe are rising again – is this concern about the planned Indonesian export tax on nickel? And in China 200,000 tonnes of copper have disappeared. Source