Such business development, Corporate Management expenses and other extraordinary costs not part of business area performance assessment that are not allocated to the business areas are also reported under Other operations. Sales of Other operations consist of sales of electricity to the Group’s production facilities in Finland and in Sweden, nickel procured under the Group’s sourcing contract, and internal services. Activities outside our three business areas include for example parent company operations, Outokumpu Mining that takes care of old mine areas, as well as operations also include long products operations in Degerfors and Storfors, Sweden.
In the beginning of 2023, Outokumpu announced that it had completed the divestment of the majority of its Long Products business. The transaction includes Long Products’ melting, rod and bar operations in Sheffield, UK; bar operations in Richburg, the US; and the wire rod mill in Fagersta, Sweden but not the long products operations in Degerfors and Storfors. Outokumpu classified its Long Products businesses to be divested as assets held for sale and reports the businesses as discontinued operations since the interim report January–September 2022.