China Baowu Steel Group Corp., Ltd. , commonly known as Baowu , is a state-owned iron and steel company headquartered in the Baosteel Tower in Pudong , Shanghai , China. The company was formed by Baosteel Group absorbing its smaller state-owned peer, Wuhan Iron and Steel Corporation in 2016. It is the world's largest steel producer.
108-637: Outokumpu Oyj is a group of international companies headquartered in Helsinki , Finland , with 10,600 employees in more than 30 countries. Outokumpu is the largest producer of stainless steel in Europe and the second largest producer in the Americas. Outokumpu also has a long history as a mining company, and still mines chromium ore in Keminmaa for use as ferrochrome in stainless steel. The largest shareholder of Outokumpu
216-641: A 113-meter-tall hotel and a 24-story residential tower have been approved. 121- and 93-meter-tall office buildings are planned to be built in Ruoholahti . Well over 200 high-rise buildings will be built in Helsinki in the 2020s. Well-known statues and monuments strongly embedded in the cityscape of Helsinki include the Keisarinnankivi ("Stone of the Empress", 1835), the statue of Russian Emperor Alexander II (1894),
324-710: A further cut for Baosteel Group of 2.10 million while a 3.15 million cut was already planned the final ranking may still significantly change. The IPO of the subsidiary of Baosteel Group on the Shanghai Stock Exchange in 2000 was the largest in China up to that time, raising CNY 7.7 billion despite being limited to domestic investors only. In 1978, as part of the Chinese government's reform and opening , Chinese paramount leader Deng Xiaoping sought to develop large-scale steel production in China. The government planned for
432-497: A hot rolling mill and two cold rolling mills. The steel works were built in 1975–1976. The first stainless cast was made in May 1976, week 19, thus it has got the heat number 61901.The main marketing area is the EU. Up to 85% of the products are exported all around the world. Kemi mine in Keminmaa near Tornio provides chromite, the raw material for chrome, needed to make stainless steel. In 2012,
540-497: A landscape of small villages. Some of the old villages from the 1240s in the area of present-day Helsinki, such as Koskela and Töölö , are now Helsinki districts, as are the rest of the 27 medieval villages. The area gradually became part of the Kingdom of Sweden and Christianity. Kuninkaantie , or the "King's Road", ran through the area and two interesting medieval buildings were built here: Vartiokylä hillfort [ fi ] in
648-497: A large integrated steel production facility to be located near the port of Shanghai , in Baoshan District , a suburb of Shanghai. In 1978, a delegation from the Chinese government, including Deng Xiaoping himself, visited a steel mill operated by Nippon Steel to learn how to construct such a large facility. As the government's flagship steel company, Baoshan Iron and Steel as it was originally called, benefitted from acquiring
756-704: A long history in steelmaking, as does Sheffield in the UK where stainless steel was invented. Thin Strip Nyby (see also Nyby bruk ) produces cold rolled stainless steel, concentrating on special grades, part of the Special Coil business line. Nyby Ironworks in Torshälla was founded in 1829 by Adolf Zethelius , but ironworking on the site is first documented in the 15th century when the Bishop of nearby Strängnäs founded hammer forges by
864-535: A more solid naval defence in front of the city. Little came of these plans, however, as Helsinki remained a small town plagued by poverty, war and disease. The plague of 1710 killed most of Helsinki's population. After the Russians captured Helsinki in May 1713 during the Great Northern War , the retreating Swedish administration set fire to parts of the city. Despite this, the city's population grew to 3,000 by
972-506: A new facility in Zhanjiang , Guangdong , which formally started by its subsidiary Baoshan Iron & Steel in 2012, by acquiring 71.8032% stake of Zhanjiang Iron and Steel for CNY4.976 billion from State-owned Assets Supervision and Administration Commission of Guangzhou City. In 2011, Baosteel Group acquired 51% stake of Guangdong Shaoguan Iron and Steel Group from SASAC of Guangdong Government. In April 2012, Shaoguan Iron and Steel Co, Ltd.
1080-559: A non-recurring capital gain of EUR 389 million (net of taxes and debt repayment) for the sale of the entire 60% share in SKS. At the same time, the Board of Directors of SKS decided to stop the operations of SKS and release the workforce. In March 2017, employing 100 people, the company opened its global service center in Vilnius , Lithuania. In April 2020, Outokumpu named former Posti CEO Heikki Malinen as
1188-507: A plan to merge Baosteel Group and fellow state-owned steel maker Wuhan Iron and Steel Corporation was announced. Baoshan Iron and Steel Company Limited , the listed portion of Baosteel Group would takeover the counterpart Wuhan Iron and Steel Company Limited in an all-share deal, while the rights of Wuhan Iron and Steel Corporation would be transferred to Baosteel Group for free as a wholly owned subsidiary. Both Baosteel Group and Wuhan Iron and Steel Corporation were supervised by SASAC of
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#17328546546881296-399: A subsidiary of Shanghai Metallurgical Holding, the former Shanghai No.3 Iron and Steel Plant, Shanghai Pudong Iron and Steel, formed a joint venture with ThyssenKrupp of Germany, as Shanghai Krupp Stainless. It followed the parent company to become a subsidiary of Baosteel Group in 1998. In 2000, a subsidiary Baoshan Iron & Steel Co., Ltd. was formed to list a portion of the group on
1404-515: A total area of 95,480 acres (38,640 ha). Of the total area, 48,190 acres (19,500 ha) are water areas and 47,290 acres (19,140 ha) are land areas. The city also has seven nature reserves in Espoo , Sipoo , Hanko and Ingå . The largest nature reserve is the Vanhankaupunginselkä , with an area of 30,600 acres (12,400 ha). The city's first nature reserve, Tiiraluoto of Lauttasaari,
1512-564: A train") and frowned upon by locals. Helsset is the Northern Sami name for Helsinki. After the end of the Ice Age and the retreat of the ice sheet, the first settlers arrived in the Helsinki area around 5000 BC. Their presence has been documented by archaeologists in Vantaa , Pitäjänmäki and Kaarela . Permanent settlements did not appear until the beginning of the 1st millennium AD, during
1620-413: Is 80 kilometres (50 mi) north of Tallinn, Estonia , 400 kilometres (250 mi) east of Stockholm, Sweden , and 300 kilometres (190 mi) west of Saint Petersburg, Russia . Helsinki has significant historical connections with these three cities. Together with the cities of Espoo , Vantaa and Kauniainen —and surrounding commuter towns, including the neighbouring municipality of Sipoo to
1728-676: Is a subsidiary of Mitsubishi Materials known as Luvata International, and Outokumpus zinc branch merged with the Swedish company Boliden . At the same time Outokumpu sold all Boliden shares. In June 2006, Outokumpu Technology was spun off as a separate company, renamed Outotec in April 2007. On 31 March 2008, the cold rolling mill in Sheffield was closed in a company-wide 10% fixed cost reduction plan. The melt shop in Sheffield continues producing material for long steel products . In April 2008 OTK exited
1836-506: Is around 19 to 22 °C (66 to 72 °F). Due to the sea effect, especially on hot summer days, daytime temperatures are slightly cooler and nighttime temperatures higher than further inland. The highest temperature recorded in the city was 33.2 °C (91.8 °F) on 28 July 2019 at the Kaisaniemi weather station, breaking the previous record of 33.1 °C (91.6 °F) set in July 1945 at
1944-626: Is chosen in the nationally held municipal elections , which are held every four years. Helsinki's city council consists of eighty-five members. Following the most recent municipal elections in 2017, the three largest parties are the National Coalition Party (25), the Green League (21), and the Social Democratic Party (12). The Mayor of Helsinki is Juhana Vartiainen . The city of Helsinki has 683,669 inhabitants, making it
2052-521: Is classified as a major port city, and in 2017 it was rated the world's busiest passenger port. According to a theory put forward in the 1630s, at the time of Swedish colonisation of the Finnish coast, colonists from Hälsingland in central Sweden arrived at what is now the Vantaa River and called it Helsingå ('Helsinge River'), giving rise to the names of the village and church of Helsinge in
2160-420: Is comparatively high in certain parts of downtown Helsinki, reaching 16,494 inhabitants per square kilometre (42,720/sq mi) in the district of Kallio , overall Helsinki's population density is 3,147 per square kilometre. Outside the city centre, much of Helsinki consists of post-war suburbs separated by patches of forest. A narrow, 10 kilometres (6.2 mi) long Helsinki Central Park , which stretches from
2268-484: Is derived. Official Finnish government documents and Finnish language newspapers have used the name Helsinki since 1819, when the Senate of Finland moved to the city from Turku , the former capital of Finland. Decrees issued in Helsinki were dated with Helsinki as the place of issue. This is how the form Helsinki came to be used in written Finnish. When Finland became a Grand Duchy of Finland, an autonomous state under
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#17328546546882376-541: Is divided into three major areas: Helsinki Downtown ( Finnish : Helsingin kantakaupunki , Swedish : Helsingfors innerstad ), North Helsinki ( Finnish : Pohjois-Helsinki , Swedish : Norra Helsingfors ) and East Helsinki ( Finnish : Itä-Helsinki , Swedish : Östra Helsingfors ). Of these, Helsinki Downtown means the undefined core area of capital, as opposed to suburbs . The designations business center and city center usually refer to Kluuvi , Kamppi and Punavuori . Other subdivisional centers outside
2484-562: Is the Government of Finland , with 26.6% ownership, including the shares controlled by Solidium , The Social Insurance Institution of Finland , Finnish State Pension Fund and Municipality Pension Agency . In 1908, a large deposit of copper ore was discovered in Outokumpu , in Northern Karelia . Outokumpu was established to develop the now-exhausted mine. In the 1940s, Outokumpu developed
2592-744: Is the Sederholm House [ fr ] (1757) at the intersection of Senate Square and the Katariinankatu street. Suomenlinna also has buildings completed in the 18th century, including the Kuninkaanportti on the Kustaanmiekka Island [ fr ] (1753–1754). The oldest church in Helsinki is the Östersundom church, built in 1754. Helsinki is also home to numerous Art Nouveau -influenced ( Jugend in Finnish) buildings belonging to
2700-599: Is the capital and most populous city in Finland . It is on the shore of the Gulf of Finland and is the seat of southern Finland's Uusimaa region. About 684,000 people live in the municipality, with 1.26 million in the capital region and 1.6 million in the metropolitan area . As the most populous urban area in Finland, it is the country's most significant centre for politics, education, finance, culture, and research. Helsinki
2808-532: Is the largest such area in Finland, with a land area of 669.31 square kilometres (258.42 sq mi) and approximately 1.36 million inhabitants. Helsinki has a cold hemiboreal humid continental climate ( Köppen : Dfb , Trewartha Dcbo ). Due to the moderating influence of the Baltic Sea and the North Atlantic Current (see also Extratropical cyclone ), winter temperatures are higher than
2916-465: Is the most densely populated area of Finland . The Capital Region spreads over a land area of 770 square kilometres (300 sq mi) and has a population density of 1,619 per sg km. With over 20 percent of the country's population in just 0.2 percent of its surface area, the area's housing density is high by Finnish standards. The Helsinki metropolitan area or the Greater Helsinki consists of
3024-512: Is well above the national average). Helsinki hosted the 1952 Summer Olympics , the first CSCE / OSCE Summit in 1975, the first World Athletics Championships in 1983, the 52nd Eurovision Song Contest in 2007 and it was the 2012 World Design Capital . Helsinki has one of the highest standards of urban living in the world. In 2011, the British magazine Monocle ranked Helsinki as the world's most liveable city in its livable cities index . In
3132-577: The Battle at Herdaler was a battle between the Norse Viking leader Olav Haraldsson (later King Olaf II of Norway , also known as Saint Olaf) and local Finns at Herdaler (now Ingå ), not far from Helsinga, around 1007–8. The Saga of Olaf Haraldson tells how Olav raided the coasts of Finland and was almost killed in battle. He ran away in fear and after that the Vikings did not raid the coasts of Finland. Later
3240-605: The Economist Intelligence Unit's 2016 livability survey, Helsinki ranked ninth out of 140 cities. In July 2021, the American magazine Time named Helsinki one of the world's greatest places, a city that "can grow into a burgeoning cultural nest in the future" and is already known as an environmental pioneer. In an international Cities of Choice survey conducted in 2021 by the Boston Consulting Group and
3348-784: The House of Nobility in Kruununhaka and the Catholic St. Henry's Cathedral . In addition to other cities in Northern Europe that were not under the Soviet Union , such as Stockholm , Sweden, Helsinki's neoclassical buildings gained also popularity as a backdrop for scenes intended to depict the Soviet Union in numerous Hollywood movies during the Cold War era, when filming within the actual USSR
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3456-692: The Ilmala weather station. The lowest temperature recorded in the city was −34.3 °C (−29.7 °F) on 10 January 1987, although an unofficial low of −35 °C (−31 °F) was recorded in December 1876. Helsinki Airport (in Vantaa, 17 km north of Helsinki city centre) recorded a maximum temperature of 33.7 °C (92.7 °F) on 29 July 2010 and a minimum of −35.9 °C (−33 °F) on 9 January 1987. Precipitation comes from frontal passages and thunderstorms. Thunderstorms are most common in summer. Helsinki
3564-506: The Iron Age , when the area was inhabited by the Tavastians . They used the area for fishing and hunting, but due to the lack of archaeological finds it is difficult to say how extensive their settlements were. Pollen analysis has shown that there were agricultural settlements in the area in the 10th century, and surviving historical records from the 14th century describe Tavastian settlements in
3672-498: The Senate Square and Helsinki Cathedral are located. During the second half of the 17th century, Helsinki, as a wooden city, suffered from regular fires , and by the beginning of the 18th century the population had fallen below 1,700. For a long time Helsinki was mainly a small administrative town for the governors of Nyland and Tavastehus County , but its importance began to grow in the 18th century when plans were made to build
3780-426: The Shanghai Stock Exchange , while Shanghai No.1st, 2, 3 and 5 Iron and Steel Plants of the group were remaining unlisted. In 2004, the listed subsidiary acquired Meishan Iron and Steel from Baosteel Group (via Shanghai Meishan Group). Baosteel took over the benchmark negotiations in the global iron ore market in 2006. At that time, the global iron ore market had been subject to a benchmark pricing regime set by
3888-524: The bourgeoisie of Porvoo , Raseborg , Rauma and Ulvila to move there. The shallowness of the bay made it impossible to build a harbour, and the king allowed the settlers to leave the unfortunate location. In 1640, Count Per Brahe the Younger , together with some descendants of the original settlers, moved the centre of the city to the Vironniemi peninsula by the sea, today's Kruununhaka district, where
3996-588: The flash smelting process for smelting copper. From 1986 to 1988 Outokumpu participated in a stainless steel cartel; it was caught in 1990, but not fined. From 1988 to 2001 Outokumpu and the Swedish company Boliden participated in a cartel for copper tubing in the European market. In 2001 Avesta Sheffield —which was formed from a 1991 merger of British Steel Stainless with the Swedish firm Avesta (as in Avesta Municipality )—merged with Outokumpu, forming
4104-408: The " Shanghai Meishan Group " (上海梅山集团公司) to form Shanghai Baosteel Group Corporation . The new conglomerate was the largest steel producer in the country with annual steel production of nearly 20 million tons. Since then, the strategy of Baosteel Group has been to expand production capacity in iron and steel, achieve vertical integration along the value chain, and acquire related industries. In 1997,
4212-414: The 1300s. This theory is questionable, as dialect research suggests that the settlers came from Uppland and the surrounding areas. Others have suggested that the name derives from the Swedish word helsing , an archaic form of the word hals (' neck '), which refers to the narrowest part of a river, the rapids . Other Scandinavian towns in similar geographical locations were given similar names at
4320-635: The 1380s and the Church of St. Lawrence in 1455. In the Middle Ages, several thousand people lived in Helsinki's keep . There was a lot of trade across the Baltic Sea . The shipping route to the coast, and especially to Reval , meant that by the end of the Middle Ages the Helsinki region had become an important trading centre for wealthy peasants , priests and nobles in Finland, after Vyborg and Pohja . Furs , wood , tar , fish and animals were exported from Helsinki, and salt and grain were brought to
4428-530: The 1810s, when it replaced Turku as the capital of the Grand Duchy of Finland , which later became the sovereign Republic of Finland . The city continued its growth from that time on, with an exception during the Finnish Civil War . From the end of World War II up until the 1970s there was a massive exodus of people from the countryside to the cities of Finland, in particular Helsinki. Between 1944 and 1969
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4536-504: The 1930s included the 18-story "Kino" palace, a 17-story apartment building, and a 30-story Stockmann building were proposed but only the 70-meter-tall 14-story Hotel Torni was built. (Hotel Torni was the tallest high-rise in Finland until 1976, when the 83-meter-tall Neste headquarters were completed in Espoo; Helsinki had rejected the tower. ) Twin 30-story buildings were proposed in Pasila in
4644-586: The 1940 Helsinki Olympic Games; the games were initially cancelled due to the Second World War , but the venues fulfilled their purpose in the 1952 Olympic Games . Many of them are listed by DoCoMoMo as significant examples of modern architecture. The Olympic Stadium and Helsinki-Malmi Airport are also catalogued by the Finnish Heritage Agency as cultural-historical environments of national significance. When Finland became heavily urbanized in
4752-479: The 1960s and 1970s, the district of Pihlajamäki , for example, was built in Helsinki for new residents, where for the first time in Finland, precast concrete was used on a large scale. Pikku Huopalahti , built in the 1980s and 1990s, has tried to get rid of a one-size-fits-all grid pattern, which means that its look is very organic and its streets are not repeated in the same way. Itäkeskus in Eastern Helsinki
4860-446: The 1967 British-American espionage thriller Billion Dollar Brain , starring Michael Caine . The city has large amounts of underground areas such as shelters and tunnels, many used daily as swimming pool, church, water management, entertainment etc. Helsinki also features several buildings by Finnish architect Alvar Aalto , recognized as one of the pioneers of architectural functionalism . However, some of his works, such as
4968-520: The 1970s but were rejected. In 1990 a planned 104-meter-tall tower for the Kone company was also cancelled. Highrise construction only started in the beginning of the 21st century, when the city decided to allow the construction of skyscrapers. Highrises were first built in Kalasatama , a primarily-residential district built on a former container port . As of 2024, four residential towers have been completed:
5076-597: The 1970s, which occurred late compared to the rest of Europe, tripled the population of the metropolitan area, and the Helsinki Metro subway system was built. Known as the "Daughter of the Baltic" or the "Pearl of the Baltic", Helsinki is located at the tip of a peninsula and on 315 islands. The city centre is located on a southern peninsula, Helsinginniemi ("Cape of Helsinki"), which is rarely referred to by its actual name, Vironniemi ("Cape of Estonia"). Population density
5184-452: The 35-story, 282-apartment, 134-metre-tall (440 ft) Majakka in 2019 (which is the tallest building in Finland ); the 32-story, 124-meter Loisto in 2021; the 31-story, 120-meter Lumo One in 2022; and the 24-story, 98-meter Visio in 2023. The 26-story, 111-meter-tall office building Horisontti is to be completed in 2025, and three further towers are to be built in the complex. Tall residential towers have also been built in
5292-618: The BCG Henderson Institute, Helsinki was ranked the third-best city in the world to live in, with London and New York City coming in first and second. In the Condé Nast Traveler magazine's 2023 Readers' Choice Awards, Helsinki was ranked the 4th-friendliest city in Europe. Helsinki, along with Rovaniemi in Lapland , is also one of Finland's most important tourist cities. Due to the large number of sea passengers, Helsinki
5400-560: The Central Government . As of December 2016, the name of the new group is China Baowu Steel Group Corporation . It is now the second largest steel producer in the world, with assets estimated to be worth around 730 billion Yuan , employing 228,000 employees and expected annual sales revenues of 330 billion Yuan ( $ 47.9 billion). In early 2016, Baosteel Group was accused by US Steel Corp . of stealing commercial secrets. Baosteel rejected these allegations, stating that "In particular,
5508-553: The EC fined Outokumpu €36.14 million for its copper tubing cartel activity. In 2004, Outokumpu bought the shares owned by Corus, so AvestaPolarit became a wholly owned subsidiary of the Outokumpu Group, delisted from the Helsinki and Stockholm stock exchanges, and only Outokumpu remained, headquartered in Espoo . In 2005, Outokumpu sold its copper branch, Outokumpu Copper, except for the copper tube and brass division, which as of 2011,
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#17328546546885616-525: The Kansallisromantiikka ( romantic nationalism ) trend, designed in the early 20th century and strongly influenced by Kalevala , which was a common theme of the era. Helsinki's Art Nouveau style is also featured in central residential districts, such as Katajanokka and Ullanlinna . An important architect of the Finnish Art Nouveau style was Eliel Saarinen , whose architectural masterpiece
5724-421: The Nordic countries, after Stockholm and Copenhagen. Helsinki Airport , in the neighbouring city of Vantaa, serves the city with frequent flights to numerous destinations in Europe, North America, and Asia. Helsinki is a bilingual municipality with Finnish and Swedish as its official languages. The population consists of 75% Finnish speakers, 5% Swedish speakers, and 20% speakers of other languages (which
5832-407: The Sveaborg fortress during the war, and about a quarter of the city was destroyed in a fire in 1808. Emperor Alexander I of Russia moved the capital of Finland from Turku to Helsinki on 8 April 1812 to reduce Swedish influence in Finland and bring the capital closer to St Petersburg . After the Great Fire of Turku in 1827, the Royal Academy of Turku , the only university in the country at
5940-400: The area was settled by Christians from Sweden. They came mainly from the Swedish coastal regions of Norrland and Hälsingland , and their migration intensified around 1100. The Swedes permanently colonised the Helsinki region's coastline in the late 13th century, after the successful 'crusade' to Finland that led to the defeat of the Tavastians. In the Middle Ages, the Helsinki area was
6048-452: The area. Christianity does not gain a significant foothold in Finland before the 11th century. After that, a number of crosses and other objects related to Christianity can be found in archaeological material. According to the traditional view, the Kingdom of Sweden made three crusades to Finland, thanks to which the region was incorporated into both Christianity and the Swedish Empire. Recent research has shown that these expeditions, to
6156-416: The beginning of the 19th century. The construction of the naval fortress of Sveaborg ( Viapori in Finnish, now also called Suomenlinna ) in the 18th century helped to improve Helsinki's status. However, it wasn't until Russia defeated Sweden in the Finnish War and annexed Finland as the autonomous Grand Duchy of Finland in 1809 that the city began to develop into a substantial city. The Russians besieged
6264-533: The charges claiming that Baosteel stole commercial secrets from U.S. Steel is rootless speculation and subjective assumption, and could even be described as an absurd statement". The United States International Trade Commission launched a probe into these allegations in May 2016. Next to Baosteel, Hebei Iron and Steel Group , Wuhan Iron and Steel Co., Ltd. , Maanshan Iron and Steel Company Limited , Anshan Iron and Steel Group and Jiangsu Shagang Group are also under investigation. In February 2017, US Steel dropped
6372-463: The cities of the capital region and ten surrounding municipalities: Hyvinkää , Järvenpää , Kerava , Kirkkonummi , Nurmijärvi , Sipoo , Tuusula , Pornainen , Mäntsälä and Vihti . The Metropolitan Area covers 3,697 square kilometres (1,427 sq mi) and has a population of about 1.6 million, or about a fourth of the total population of Finland. The metropolitan area has a high concentration of employment: approximately 750,000 jobs. Despite
6480-431: The city centre to Helsinki's northern border, is an important recreational area for residents. The City of Helsinki has about 11,000 boat moorings and over 14,000 hectares (35,000 acres; 54 square miles) of marine fishing waters adjacent to the capital region. About 60 species of fish are found in this area, and recreational fishing is popular. Helsinki's main islands include Seurasaari , Lauttasaari and Korkeasaari –
6588-499: The claim of trade secret theft because of a lack of evidence, and in October 2017, the United States International Trade Commission dismissed the anti-circumvention allegation. In March 2018, it additionally dismissed the antitrust claims, again because of a lack of evidence, and ended the investigation. In 2019, China Baowu Steel Group acquired 51% stake of Masteel Group from the SASAC of Anhui Provincial People's Government [ zh ] for free. The acquisition also included
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#17328546546886696-483: The cold rolling and finishing units, Coil Products Sheffield on Shepcote Lane were closed, with the loss of over 600 jobs. Production ceased in the first half of 2006. The company continued the melting shop, special strip cold rolling and finishing, bar rolling, and UK distribution. At the end of March 2008 the Stocksbridge site production ceased after 80 years, with work transferring to its Meadowhall site. In 2023, Outokumpu divested its Long Products business, including
6804-516: The copper business by selling its remaining copper tube and brass division to Cupori Group Oy. On 31 January 2012, Outokumpu announced it would buy Inoxum, the stainless steel division of German ThyssenKrupp , for 2.7 billion euros. At the time, Finnish state capital controlled 40% of Outokumpu. In November 2012, the European Commission found this acquisition would have created an EU market dominance for cold-rolled stainless steel flat products with Outokumpu market share above 50%. The EC cleared
6912-627: The corporation was ranked the 5th in 2015 the world ranking by production volume (2nd in China for 34.938 million metric tons). A plan to merge with Wuhan Iron and Steel Corporation was announced on 21–22 September 2016, which would make the combined production volume the second highest in the world (34.938 million + 25.776 million), after ArcelorMittal (97.136 million in 2015), surpassing Hesteel Group (47.745 million in 2015). Since Baosteel Group and Wuhan Iron and Steel Corporation also announced targets of cutting 3.95 and 4.42 million metric tons production capacity respectively in June and July 2016, and
7020-414: The downtown area include Malmi ( Swedish : Malm ), located in the northeastern part of city, and Itäkeskus ( Swedish : Östra centrum ), in the eastern part of city. Carl Ludvig Engel , appointed to plan a new city centre on his own, designed several neoclassical buildings in Helsinki. The focal point of Engel's city plan was the Senate Square . It is surrounded by the Government Palace (to
7128-399: The east —Helsinki forms a metropolitan area . This area is often considered Finland's only metropolis and is the world's northernmost metropolitan area with over one million inhabitants. Additionally, it is the northernmost capital of an EU member state . Helsinki is the third-largest municipality in the Nordic countries, after Stockholm and Oslo . Its urban area is the third-largest in
7236-409: The east), the main building of Helsinki University (to the west), and (to the north) the large Helsinki Cathedral , which was finished in 1852, twelve years after Engel's death. Helsinki's epithet , "The White City of the North", derives from this construction era. Most of Helsinki's older buildings were built after the 1808 fire; before that time, the oldest surviving building in the center of Helsinki
7344-433: The eastern district of Vuosaari : the 87-meter, 26-story Cirrus was completed in 2006, the 24-story, 85-meter-tall Hyperion was completed in 2023 and the 33-story, 288-apartment, 120-meter-tall Atlas is due to be completed in late 2024. Skyscrapers have also be planned in the Pasila area, with a handful of over-100-meter-tall towers in various stages of planning or early construction as of 2024. In Jätkäsaari ,
7452-467: The engineers and managers, access to technology, and receiving government contracts. Initially, the firm limited its exports to just 10% of steel production, hoping to fulfill domestic demand. Baoshan Iron and Steel also benefitted from the Chinese economic expansion which consumed all the steel available. However, with the continuing liberalization of the Chinese economy, Baoshan found itself in competition with new rivals, both foreign and domestic. By
7560-412: The extent that there were even three of them, were not the crusades that had been imagined. Later, the conquest of Finland was justified in terms of "civilisation" and "christianisation", and the myth of the Crusades was developed. It is more likely that it was a multidimensional combination of economic, cultural and political power ambitions. The early settlements were raided by Vikings until 1008, and
7668-420: The fortress. Helsinki was also the most important cattle-breeding area in Uusimaa. With the help of trade, Helsinki became one of the wealthiest cities in Finland and Uusimaa. Thanks to trade and travel, e.g. to Reval, people could speak several languages, at least helpfully. Depending on the situation, Finnish, Swedish, Latin or Low German could be heard in the Helsinki area. Written chronicles from 1417 mention
7776-856: The fountain sculpture Havis Amanda (1908), the Paavo Nurmi statue (1925), the Three Smiths Statue (1932), the Aleksis Kivi Memorial (1939), the Eino Leino Statue (1953), the Equestrian statue of Marshal Mannerheim (1960) and the Sibelius Monument (1967). As is the case with all Finnish municipalities , Helsinki's city council is the main decision-making organ in local politics, dealing with issues such as urban planning , schools, health care, and public transport . The council
7884-414: The glass-walled Sanomatalo (1999). There have been many plans to build highrise buildings in Helsinki since the 1920s when architect Eliel Saarinen proposed the 85-meter-tall Kalevalatalo in 1921, but few tall buildings were built until the 21st century. In 1924 Oiva Kallio won Etu-Töölö competition with his plan (several 14- to 16-story buildings). A 32-story city hall was also proposed. Other plans of
7992-826: The headquarters of the paper company Stora Enso and the concert venue Finlandia Hall , have been subject to divided opinions from the citizens. Functionalist buildings in Helsinki by other architects include the Olympic Stadium , the Tennis Palace , the Rowing Stadium , the Swimming Stadium , the Velodrome , the Glass Palace , the Töölö Sports Hall , and Helsinki-Malmi Airport . The sports venues were built to serve
8100-408: The indirect controlling stake of the list company Maanshan Iron and Steel Company Limited . By 2020 the company had become the largest steel manufacturer in the world by volume. In 2022, Baowu acquired fellow state-owned enterprise Sinosteel . Baosteel Group was a minority owner of Metallurgical Corporation of China Limited for 0.65% (as at 30 June 2010). Excluding the investment held by
8208-412: The intensity of land use, the region also has large recreational areas and green spaces. The Helsinki metropolitan area is the world's northernmost urban area with a population of over one million people, and the northernmost EU capital city. The Helsinki urban area is an officially recognized urban area in Finland , defined by its population density. The area stretches throughout 11 municipalities, and
8316-640: The late 1990s, the company removed its cap on steel exports; it scored notable success in South Korea . Although hurt by the Asian financial crisis , Baoshan pushed through with a merger of other money losing state owned enterprises, though it had managed to remain profitable itself. On November 17, 1998, the former Baoshan Iron and Steel (Group) Corporation absorbed the Shanghai Metallurgical Holding Group Corporation (上海冶金控股集团公司) and
8424-404: The latitude, the days around the winter solstice are 5 hours and 48 minutes long, with the sun very low (at noon the sun is just over 6 degrees in the sky), and the cloudy weather at this time of year exacerbates the darkness. Conversely, Helsinki enjoys long days in summer, with 18 hours and 57 minutes of daylight around the summer solstice . The average maximum temperature from June to August
8532-490: The latter is home to Finland's largest zoo, Korkeasaari Zoo . The former military islands of Vallisaari and Isosaari are now open to the public, but Santahamina is still in military use. The most historic and remarkable island is the fortress of Suomenlinna (Sveaborg). The island of Pihlajasaari is a popular summer resort, comparable to Fire Island in New York City . There are 60 nature reserves in Helsinki with
8640-494: The lawsuit over price-fixing of copper tubing. In October 2015, Outokumpu announced the divestment of 55% shares in its Shanghai-based joint venture between Outokumpu (60%) and Baosteel (40%), Shanghai Krupp Stainless (SKS), to Chinese real-estate investment fund Lujiazui International Trust Co. Ltd. In a second step, Outokumpu divested the remaining 5% of its holdings in February 2016 to the same investor. In total Outokumpu recorded
8748-409: The majority of workers were Finnish-speaking. The local Helsinki slang (or stadin slangi ) developed among Finnish children and young people from the 1890s as a mixed Finnish-Swedish language, with influences from German and Russian , and from the 1950s the slang began to become more Finnish. A landmark event was the 1952 Olympic Games , which were held in Helsinki. Finland's rapid urbanisation in
8856-539: The melting, rod and bar operations in Sheffield, UK, to Marcegaglia . Outokumpu retains service center and sales company in Sheffield. As of 2018 there are production sites in Krefeld , Dillenburg and Dahlerbrück . The Krefeld mill with 100 years of experience in stainless steel production, closed its melt shop in December 2012 and re-focused on cold rolling and R&D. The nearby Benrath cold rolling mill in Düsseldorf
8964-764: The merger on the condition that the Italian Inoxum subsidiary Acciai Speciali Terni (AST) was excluded from the deal, and OTK acquired Inoxum in December 2012. 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 sever all other "relevant links" between
9072-466: The most populous municipality in Finland and the third in the Nordics . The Helsinki region is the largest urbanised area in Finland with 1,603,170 inhabitants. The city of Helsinki is home to 12% of Finland's population. 19.9% of the population has a foreign background, which is twice above the national average. However, it is lower than in the major Finnish cities of Espoo or Vantaa . At 53 percent of
9180-456: The next chief executive of the company. Outokumpu's largest production facilities are the integrated steel mills of the Tornio Works , in the small Finnish town Tornio on the coast of Gulf of Bothnia . Tornio Works produces hot rolled and cold rolled coils and sheets cut from coil, with an annual output of one million tonnes. The site consists of ferrochrome smelting, two steel-melting shops,
9288-462: The northern location would suggest, with an average of −4 °C (25 °F) in January and February. Winters in Helsinki are significantly warmer than in the north of Finland, and the snow season in the capital is much shorter due to its location in the extreme south of Finland and the urban heat island effect. Temperatures below −20 °C (−4 °F) occur only a few times a year. However, due to
9396-458: The population of the city nearly doubled from 275,000 to 525,600. In the 1960s, the population growth of Helsinki began to decrease, mainly due to a lack of housing. Some residents began to move to the neighbouring cities of Espoo and Vantaa, resulting in increased population growth in both municipalities. Espoo's population increased ninefold in sixty years, from 22,874 people in 1950 to 244,353 in 2009. Vantaa saw an even more dramatic change in
9504-458: The population, women form a greater proportion of Helsinki residents than the national average of 51 percent. Helsinki's population density of 3,147 people per square kilometre makes Helsinki the most densely-populated city in Finland. The life expectancy for men and women is slightly below the national averages: 75.1 years for men as compared to 75.7 years, 81.7 years for women as compared to 82.5 years. Helsinki has experienced strong growth since
9612-490: The quantity of chromite was estimated to a depth of one kilometer, totalling some 105 million tonnes. Avesta Sheffield was acquired 2001 and consists of a stainless steel mill with melting shop, hot rolling for heavy plates, hot rolling for 2000 mm width coils by Steckel mill and cold rolling mills. Avesta developed special stainless steel grades, high-alloy austenitic and duplex grades, optimized for good formability, weldability and high corrosion resistance. Avesta has
9720-533: The railway and industrialisation were key factors in the city's growth. By the 1910s, Helsinki's population was already over 100,000, and despite the turbulence of Finnish history in the first half of the 20th century, Helsinki continued to grow steadily. This included the Finnish Civil War and the Winter War , both of which left their mark on the city. At the beginning of the 20th century, there were roughly equal numbers of Finnish and Swedish speakers in Helsinki;
9828-524: The rule of the Russian Empire , Helsinki was known as Gel'singfors ( Гельсингфорс ) in Russian, because the main and official language of Grand Duchy of Finland was Swedish. In Helsinki slang , the city is called Stadi (from the Swedish word stad , meaning 'city'). Abbreviated form Hesa is equally common, but its use is associated with people of rural origin ("junantuomat", lit. "brought by
9936-587: The same time span: from 14,976 in 1950 to 197,663 in 2009, a thirteenfold increase. These population changes prompted the municipalities of metropolitan area into more intense cooperation in areas such as public transportation – resulting in the foundation of HSL – and waste management. The increasing scarcity of housing and the higher costs of living in the capital region have pushed many daily commuters to find housing in formerly rural areas, and even further, to cities such as Lohja , Hämeenlinna , Lahti , and Porvoo . China Baowu Steel Group In 2015, Baowu
10044-632: The third-largest stainless steel producing company in the world at the time. The new company named AvestaPolarit , headquartered in Stockholm, was jointly owned by Outokumpu and the Corus Group of Swedish institutional investors. In September 2001, Outokumpu's plant construction branch Outokumpu Technology bought the German Lurgi Metallurgie in Frankfurt. In December 2003 and September 2004,
10152-598: The three largest producers ( Rio Tinto , Vale S.A. , and BHP Billiton ) and the largest importer (which had been Japanese importers prior to 2006). In 2009, it was replaced as the lead negotiator by China Iron and Steel Association . The benchmark pricing system ended in 2010. In 2007 Baosteel Group acquired the majority stake of Xinjiang Ba Yi Iron and Steel Group , which was the parent company of Ba Yi Iron and Steel [Company Limited by Shares]. In 2008 Baosteel Group expended in Southern China, which planned to build
10260-566: The time, such as Helsingør in Denmark and Helsingborg in Sweden. When a town was founded in the village of Forsby (later Koskela ) in 1548, it was called Helsinge fors , 'Helsinge rapids'. The name refers to the Vanhankaupunginkoski [ fi ] rapids at the mouth of the river. The town was commonly known as Helsinge or Helsing , from which the modern Finnish name
10368-486: The time, was also moved to Helsinki and eventually became the modern University of Helsinki. The move consolidated the city's new role and helped set it on a path of continuous growth. This transformation is most evident in the city centre, which was rebuilt in the neoclassical style to resemble St. Petersburg, largely according to a plan by the German-born architect C. L. Engel . As elsewhere, technological advances such as
10476-597: The two companies. At the same time, on 30 November 2013, Thyssen Krupp announced the same: that it would reacquire AST and other so-called 'remedy assets' as well as VDM (high-performance alloys) from Outokumpu, that it would sell its 29.9% shares in Outokumpu, and sever all other "relevant links" between the two companies. In February 2014, the EC cleared the AST and VDM acquisition by ThyssenKrupp. In July 2014, Outokumpu agreed to settle with Boliden and engineering group IMI, who had sued Outokumpu in 2012 to cover Boliden's losses from
10584-504: The village of Koskela near the rapids at the mouth of the River Vantaa , where Helsinki was to be founded. Helsinki was founded by King Gustav I of Sweden on 12 June 1550 as a trading town called Helsingfors to rival the Hanseatic city of Reval (now Tallinn ) on the southern shore of the Gulf of Finland . To populate the new town at the mouth of the Vantaa River , the king ordered
10692-677: The waterfall near Nyby. The Degerfors Long Products steelworks was owned in 2021 by the Outokumpu conglomerate. After the Avesta Sheffield acquisition, Outokumpu owned the Sheffield facility in the UK includes a melt shop, continuous casting , a bar finishing facility and rod mill which are part of Outokumpu's Long Products business, also a stocking, processing and distribution center. Production includes stainless steel in coil, plate, sheet, coiled rod, bar and rebar forms; semi-finished products including slab, bloom, billet and ingot are also manufactured. Outokumpu's UK acquisitions derived from
10800-552: The works created in 1950 as a joint venture between Firth Vickers (see Firth and Vickers ) and Samuel Fox and Company for cold rolling stainless steel, established at Shepcote Lane, Sheffield, originally manufactured under the Staybrite brand. In 1967 the industry was nationalized into the British Steel Corporation . Outokumpu's original three sites in the UK were in Sheffield, Stocksbridge , and Blackburn . In 2005
10908-680: Was closed in 2014. Outokumpu has a melt shop and cold-rolling mill in Calvert, Alabama (purchased from ThyssenKrupp ) and a cold rolling mill in San Luis Potosí (Mexico) which manufactures coil, strip, sheet, circles and plate. The company is led by a board of directors and a leadership team. As of June 2022, the members of the Outokumpu Leadership Team held the following positions: [REDACTED] Media related to Outokumpu (company) at Wikimedia Commons Helsinki Helsinki
11016-481: Was established in 1948. Helsinki's official plant is the Norway maple and its official animal is the red squirrel . The Helsinki capital region ( Finnish : Pääkaupunkiseutu , Swedish : Huvudstadsregionen ) comprises four municipalities: Helsinki, Espoo , Vantaa , and Kauniainen . The Helsinki urban area is considered to be the only metropolis in Finland . It has a population of about 1.26 million, and
11124-583: Was established. Boasteel owns the 85% of held resources company Aquila Resources Pty Ltd, through Baosteel Resources. Boasteel developed a sales and distribution network in China and foreign countries. Boasteel overseas subsidiaries controls key minerals resources for steel production, such as the Majishan ore terminal in the port of Zhoushan . Baosteel also invested in steel-related industries such as Baoxin Software and Baosteel Chemical. On 21–22 September 2016,
11232-592: Was not possible. Some of them, including The Kremlin Letter (1970), Reds (1981), and Gorky Park (1983). was possible due to such Russian cities as Leningrad and Moscow also having similar neoclassical architecture. At the same time due to Cold War and Finnish relations with the USSR the government secretly instructed Finnish officials not to extend assistance to such film projects. There are some films where Helsinki has been represented on its own in films, most notably
11340-509: Was relocated and joined with Krefeld operations, to make a range of grades, dimensions and surface finishes. The Dahlerbrück cold rolling mill is located in Sauerland producing precision strip and looks back on a 300-year tradition of iron and steelmaking. The cold rolling mill in Dillenburg specializes on surface finishes for example in architecture, building and construction. The Bochum melt shop
11448-753: Was the Helsinki Central Station . Opposite the Bank of Finland building is the Renaissance Revivalish the House of the Estates (1891). The only visible public buildings of the Gothic Revival architecture in Helsinki are St. John's Church (1891) in Ullanlinna, which is the largest stone church in Finland, and its twin towers rise to 74 meters and have 2,600 seats. Other examples of neo-Gothic include
11556-605: Was the second largest steel producer in the world measured by crude steel output , with an annual output of around 35 million tons (China's total steel production in 2015 was 803.8 million tons ), and employed 130,401 employees as of the end of 2012, had annual revenues of around $ 21.5 billion, and produces a mix of products. In 2019, the company closed the gap with ArcelorMittal reaching 95.47 million tons of steel, and hitting $ 78 billion in revenues, with 195,434 employees. According to World Steel Association (Chinese companies data were provided by China Iron and Steel Association ),
11664-450: Was the first regional center in the 1980s. Efforts have also been made to protect Helsinki in the late 20th century, and many old buildings have been renovated. Modern architecture is represented, for example, by the Museum of Contemporary Art Kiasma , which consists of two straight and curved-walled parts, though this style strongly divided the opinions from the citizens. Next to Kiasma is
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