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Acerinox (OTC:ACRXF) Stock, Option Chain

Acerinox SA is a Spain-based stainless steel maker engaged in the manufacture, processing, and marketing of stainless steel products and special alloys. The company operates in two segments; the Stainless steel segment which accounts for the majority of the company's revenue, includes both flat and long stainless steel products, and the High-performance alloys segment includes special alloys with high nickel content. This segment includes all the companies in the VDM Metals subgroup. Geographically the company operates in Spain, the Rest of Europe, America, Africa, Asia, and Others.

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Explore the dynamic landscape of the steel industry as it undergoes consolidation, highlighted by key acquisitions like Nippon Steel&#39;s purchase of U.S. Steel and Acerinox&#39;s strategic expansion.

Steel Industry Continues To Consolidate As Companies Adapt To New Global Dynamics

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Haynes International embarks on a $970 million acquisition journey by North American Stainless, a subsidiary of Acerinox SA. The all-cash deal, priced at $61.00 per share, signifies a 9% premium, boosting confidence in the company&#39;s growth prospects. The strategic move is set to enhance operations, with an additional $200 million investment in the combined U.S. operations, primarily focused on Kokomo, Indiana.

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