Forum: Aperam » OUTOKUMPU koersverloop - ontwikkeling

voda 27 juni 2023 08:13

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Outokumpu starts a collaboration with thyssenkrupp Materials Processing Europe and Boysen Group to help decarbonize the automotive industry

Outokumpu, the global leader in stainless steel, is partnering with thyssenkrupp Materials Processing Europe, a leading steel and aluminium service centre, and Boysen Group, a premium exhaust system manufacturer, to introduce the world’s first towards-zero stainless steel to the automotive industry. Outokumpu’s Circle Green is the world’s most sustainable stainless steel with up to 92% lower carbon footprint than the industry average*. The companies aim to supply larger quantities of Outokumpu’s Circle Green product to the industry as of the second half of 2023.

Voor meer, zie link:

news.cision.com/outokumpu-oyj/r/outok...,c3793563

voda 29 juni 2023 08:47

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Outokumpu and Nordic Steel to start collaboration – towards-zero stainless steel introduced for the first time to the Norwegian market
Outokumpu Oyj
Press release
June 28, 2023 at 9.00 am EEST

Nordic Steel can make anything from steel. These tanks are made of stainless steel and will be used in the oil and gas industry.

Outokumpu, the global leader in stainless steel, is partnering with Nordic Steel, Norway's leading competence centre in steel, to introduce sustainable stainless steel in Norway. Outokumpu’s Circle Green is the world’s most sustainable stainless steel with up to 92% lower carbon footprint than the industry average*. The collaboration supports the sustainability strategy for both companies and enables Nordic Steel to be the first in Norway to offer the solution to its customers.

Voor meer, zie link:

www.outokumpu.com/en/news/2023/outoku...

Alrob2 29 juni 2023 12:54

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Zo vandaag weer eens, sinds tijden, ingestapt met wat aandelen, voorzichtig. Als de koers weer onder de 30.00 komt, koop ik bij.
Ik gok op een herstel van de staalmarkt, en ook de koers van Aperam, in de komende maanden.
Voorlopig naar eens aanzien wat de koers doet.
Zo'n zijsprongetje verdrijft de verveling.

voda 4 augustus 2023 12:54

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Outokumpu Completes Divestment, Focuses on Core Business
By Strategic Research Institute on Aug 04, 2023 11:22 am

In a decisive move towards strategic consolidation, Outokumpu has successfully concluded the divestment of its remaining Long Products business in the regions of Degerfors and Storfors, Sweden. The company had previously unveiled this intention on April 1, 2023, after already divesting the majority of its Long Products business earlier in the year. The transaction with Cogne Acciai Speciali has now been finalized, solidifying Outokumpu's exit from the long products sector.

With this transformative step, Outokumpu firmly redirects its focus towards its core business, prioritizing stainless steel flat products and ferrochrome ventures. Notably, the company's plate operations in Degerfors remain untouched and continue unaffected by the divestment.

The enterprise value of this strategic maneuver amounts to a substantial €12 million, and its implementation has rendered a positive cash impact for Outokumpu. However, the company's financial records indicate a loss of approximately €30 million for the third quarter due to this transaction. The precise quantification of this book loss remains subject to final consideration, closing accounts, and accumulated translation difference.

Bron Steelguru (via email)

voda 13 oktober 2023 08:55

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Tesla Looks to Outokump for Cybertruck's Tough Exterior
By Strategic Research Institute on Oct 13, 2023 11:26 am

Synopsis:

Tesla is reportedly in talks with Finnish stainless steel provider Outokumpu Oyj to source stainless steel panels for the upcoming Cybertruck, reports Teslarati. Outokumpu Oyj is known for its steel products and is a key player in Europe's stainless steel production. The Cybertruck's distinctive design features flat stainless steel panels, offering strength and corrosion resistance, albeit at a higher cost. These stainless steel panels may come from Outokumpu's Alabama plant, located approximately 650 miles from Tesla's Gigafactory Texas.

Article:

Tesla, the electric vehicle pioneer, is said to be in discussions with Finnish stainless steel provider Outokumpu Oyj, looking to secure stainless steel panels for its highly anticipated Cybertruck. Outokumpu Oyj holds a prominent position in Europe as a producer of stainless steel, supplying a range of industries, including the automotive sector.

The Cybertruck, a vehicle that has garnered attention for its unconventional design characterized by flat stainless steel panels, is poised to enter full-scale production later this year. The choice of stainless steel over regular steel, although more costly, offers exceptional strength and resistance to corrosion.

While the specifics of this deal have been kept private, individuals purportedly familiar with the matter, choosing to remain anonymous, have conveyed to Bloomberg News that Tesla might potentially obtain the steel for the Cybertruck from Outokumpu's plant in Calvert, Alabama. This facility is situated around 650 miles away from Tesla's Gigafactory Texas. It should be noted that Outokumpu may not be the sole supplier involved in furnishing steel for the Cybertruck.

Tesla's CEO, Elon Musk, has underscored the durability that the Cybertruck's stainless steel exterior will bring to the vehicle. Yet, stainless steel, although robust, presents challenges in manufacturing. This decision to employ stainless steel in the Cybertruck is considered one of the contributing factors to the delays in the production of this all-electric pickup truck.

Elon Musk himself acknowledged the intricacies involved in designing and building the Cybertruck. He described it as a "tough product to design" and even "tougher to build." This unique vehicle has pushed Tesla into uncharted territory, as it stands apart from anything else in the automotive market.

Early prototypes of the Cybertruck have been spotted in various locations, including Austin, Texas, the San Francisco Bay Area, New Zealand, and Iceland. Tesla has expressed its intention to host the first delivery event before the conclusion of 2023, though an exact date remains undisclosed.

When it finally hits the market, the Cybertruck will join a burgeoning category of electric pickup trucks, which includes contenders like the Ford F-150 Lightning, the GMC Hummer EV, and the Rivian R1T. While these electric pickups are yet to achieve mass production, the Cybertruck may appeal to a distinct demographic. Each of these vehicles caters to different aspects of the market, with the Rivian R1T offering a lifestyle-focused design, the Ford F-150 Lightning prioritizing utility, and the GMC Hummer EV adopting a more limited, novelty-like production approach.

Given the enduring popularity of pickup trucks in the United States, there appears to be ample room in the market for the Tesla Cybertruck alongside its counterparts, whether from newcomers like Rivian or established automakers such as Ford.

Conclusion:

Tesla's pursuit of Finnish steel supplier Outokumpu Oyj for the Cybertruck's stainless steel panels is a testament to the company's commitment to ensuring the vehicle's robust exterior. Outokumpu's standing as a key player in Europe's stainless steel production positions it as a suitable partner for this endeavor. The choice of stainless steel, despite its challenges in manufacturing, reflects Tesla's dedication to delivering a vehicle that stands out in the automotive landscape. As the Cybertruck inches closer to production, it is set to join a competitive market of electric pickup trucks, each catering to distinct segments of consumers in the United States. Tesla's unique offering is poised to make a mark in this ever-evolving automotive sector.

Bron Steelguru (via email)

voda 11 maart 2024 14:20

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Outokumpu geeft winstwaarschuwing
11-mrt-2024 11:34

Vanwege stakingen.

(ABM FN-Dow Jones) Outokumpu heeft maandag een winstwaarschuwing afgegeven door de outlook voor het eerste kwartaal te verlagen.

De Finse fabrikant van roestvast staal denkt dat de aangepaste EBITDA dit kwartaal op zijn best gelijk zal zijn aan die in het vierde kwartaal, maar ook lager kan uitvallen. Met een daling werd eerder geen rekening gehouden.

Als reden voor de outlookverlaging noemt Outokumpu de stakingen in Finland. Die zijn gericht tegen de Finse politiek en niet tegen het bedrijf, benadrukte Outokumpu.

Tussen 11 en 25 maart zullen de meeste Finse fabrieken van Outokumpu stilliggen door de stakingen. De fabrikant schat de schade op ongeveer 40 miljoen euro. Daarvan zal ongeveer de helft in de cijfers over het eerste kwartaal worden verantwoord.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 9 augustus 2024 09:07

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Outokumpu Welcomes Rolf Schencking as New Leader for Advanced Materials Division

Synopsis: Outokumpu Corporation announces Rolf Schencking as the new President of the Advanced Materials business line, succeeding Thomas Anstots, who will retire at the end of 2024.
Updated on :
Friday, August 9, 2024

Outokumpu Corporation has made a significant leadership change by appointing Rolf Schencking as the new President of its Advanced Materials business line, effective October 1, 2024. This decision comes as part of the company’s ongoing efforts to strengthen its leadership team and enhance its position in the global market for sustainable stainless steel. Rolf Schencking replaces Thomas Anstots, who has decided to retire after years of dedicated service.

Heikki Malinen, President and CEO of Outokumpu, expressed enthusiasm about Schencking's appointment, highlighting his extensive experience in the metal industry and deep understanding of both the steel market and advanced materials sector. Malinen noted that Schencking's expertise will be a valuable asset as Outokumpu continues to innovate and lead in sustainable practices. The CEO also took the opportunity to thank Anstots for his commitment and contributions to the company during his tenure.

Voor meer, zie link:

www.oreaco.com/steel/outokumpu-welcom...

voda 9 augustus 2024 09:10

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Outokumpu Reports Significant Profitability Improvement Amidst Market Challenges

Synopsis: Outokumpu Corporation reports improved profitability for the first half of 2024, driven by its European operations, despite challenges from a political strike and a tight scrap market.
Updated on :
Friday, August 9, 2024

Outokumpu Corporation has released its half-year report for January to June 2024, revealing a notable improvement in profitability, particularly within its European business area. The company reported stainless steel deliveries of 912,000 metric tons for the first half of the year, a decrease from 1,007,000 metric tons in the same period last year. Despite this decline, Outokumpu has managed to navigate a tough market environment, with adjusted EBITDA reaching €94 million, down from €394 million in the previous year.

In the second quarter of 2024, Outokumpu's sales amounted to €1,540 million, a decrease from €1,911 million in the same quarter of 2023. The company’s adjusted EBITDA for this period was €56 million, significantly impacted by a political strike in Finland, which cost the company approximately €30 million in lost earnings. This strike led to operational disruptions not only in Finland but also affected internal material flows across Outokumpu’s operations in Europe and the Americas.

Voor meer, zie link:

www.oreaco.com/steel/outokumpu-report...

voda 13 augustus 2024 08:08

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Outokumpu Advances in Metal Powder Production: A Green Leap Forward

Synopsis: Outokumpu, a leader in sustainable stainless steel, is expanding into metal powder production. Collaborations with STAHL KREBS and others aim to innovate in various industries.
Tuesday, August 13, 2024

Outokumpu Corporation, recognized globally for its sustainable stainless steel production, is making significant strides in the metal powder market for additive manufacturing. Since initiating pilot production at its Krefeld, Germany facility in April 2023, Outokumpu has set ambitious goals. The company aims to produce up to 330 metric tons of metal powder annually, utilizing 100% recycled stainless steel scrap. After a successful trial year, Outokumpu is now transitioning to full commercial production, marking a pivotal moment in its innovation strategy.

In collaboration with STAHL KREBS, a steel trading firm, Outokumpu is part of the publicly funded project REACT, supported by the German government. This partnership is expected to enhance the development of metal powders suitable for various applications. Additionally, Outokumpu is working on projects within the medical and jewelry sectors to create nickel-free materials for implants, medical tools, and watches. This initiative is also part of a public-funded project led by the VTT Technical Research Centre of Finland, known as HiPAM.

Voor meer, zie link:

www.oreaco.com/steel/outokumpu-advanc...

ToTheTop 13 augustus 2024 09:39

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quote:
Alrob2 schreef op 29 juni 2023 12:54:
Zo vandaag weer eens, sinds tijden, ingestapt met wat aandelen, voorzichtig. Als de koers weer onder de 30.00 komt, koop ik bij.
Ik gok op een herstel van de staalmarkt, en ook de koers van Aperam, in de komende maanden.
Voorlopig naar eens aanzien wat de koers doet.
Zo'n zijsprongetje verdrijft de verveling.

Ik heb ze nu pas (afgelopen Vrijdag) op 24,80, 29 of 30 is wel erg veel. De Europese defensie industrie zal nu extra vraag hebben in speciale staalsoorten, dat heeft mogelijk ook op Aperam een gunstige invloed.

ToTheTop 13 augustus 2024 09:59

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Opvallend dat hier trouwens niemand schrijft (op Voda na) als de koers op een gunstige positie staat, maar iedereen jubelt ergens in de hoogste koersen. :)

voda 5 september 2024 09:30

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Kati ter Horst Steps Down from Outokumpu Board, Ascends as New CEO

Synopsis: Kati ter Horst will become the President and CEO of Outokumpu on October 1, 2024, resigning from her role on the board. Heikki Malinen will leave his CEO position on September 30, 2024.
Thursday, September 5, 2024

On September 2, 2024, Outokumpu Corporation announced a significant leadership transition as Kati ter Horst prepares to take over as President and CEO effective October 1, 2024. This change follows her resignation from the board of directors, where she served as a member and vice chairman. The decision marks a pivotal moment for Outokumpu, a leading stainless steel manufacturer known for its commitment to sustainability and innovation in the metals industry.

Kati ter Horst's appointment was officially confirmed by Outokumpu on July 9, 2024. She brings extensive experience in the industry, having held various leadership roles that have equipped her with the skills necessary for steering the company into its next chapter. With her ascent to the CEO position, ter Horst aims to enhance Outokumpu's strategic direction and strengthen its position in the global market.

Voor meer, zie link:

www.oreaco.com/steel/kati-ter-horst-s...

voda 25 september 2024 08:25

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Steel Titans Forge Alliance: Primetals to Revamp Outokumpu's Casting Prowess

Synopsis: Primetals Technologies secures 5-year maintenance contract for Outokumpu Stainless USA's continuous caster in Alabama. Deal includes repairs, upgrades, and process improvements using advanced technologies.
Wednesday, September 25, 2024

In a significant development for the steel industry, Primetals Technologies has announced a landmark agreement with Outokumpu Stainless USA, a leading stainless steel manufacturer. The five-year cost-per-ton maintenance contract covers the repair and maintenance of Outokumpu's single-strand continuous casting machine at their Calvert, Alabama facility. This partnership marks a pivotal shift in maintenance strategies and underscores the growing importance of technological innovation in the steel sector.

The contract, which commenced in September 2024, encompasses a comprehensive scope of maintenance activities aimed at optimizing the performance and longevity of the continuous caster. Primetals Technologies, leveraging its expertise as the original equipment manufacturer, will be responsible for servicing critical components such as molds, oscillators, bender, bow, straightener, and horizontal segments. The agreement also extends to the upkeep of caster rolls, spindles, table rollers, and drive shafts, as well as managing spare parts inventory.

Voor meer, zie link:

www.oreaco.com/steel/steel-titans-for...

voda 3 oktober 2024 08:20

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Mexinox Mill Flooded: Outokumpu's Stainless Steel Production Faces Tempestuous Setback

Synopsis: Outokumpu's Mexinox mill in San Luis Potosi, Mexico experienced flooding due to heavy rains around September 15, causing a temporary halt in production. The company is working to resume full operations but warns of potential delivery delays.
Thursday, October 3, 2024

On September 30, 2024, Outokumpu, a global leader in stainless steel production, announced that its Mexinox mill in San Luis Potosi, Mexico had been impacted by severe flooding. The incident, which occurred around September 15, was caused by torrential rains that swept through the region, forcing the company to temporarily halt a significant portion of its production operations. This unexpected event has raised concerns about potential delivery delays and its impact on the stainless steel supply chain in North America.

The Mexinox facility, known for being the only finishing mill of its kind in Mexico, plays a crucial role in Outokumpu's operations in the Americas. The mill specializes in producing a wide range of stainless steel products, including coils, strips, sheets, circles, and plates. These products are essential components for various industries, from automotive and appliances to construction and energy sectors. The temporary shutdown of this facility could have ripple effects across multiple industries that rely on timely deliveries of high-quality stainless steel products.

Voor meer, zie link:

www.oreaco.com/steel/mexinox-mill-flo...

voda 1 november 2024 07:36

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Outokumpu's Strategic Shift Shows Resilience Amid Global Market Challenges in Q3

Synopsis: Finnish stainless steel giant Outokumpu reports Q3 2024 results with € 86 million adjusted EBITDA, led by new CEO Kati ter Horst, focusing on European and Ferrochrome operations.
Friday, November 1, 2024

The third quarter of 2024 marked a significant transition period for Outokumpu, the global stainless steel manufacturer, as new President and CEO Kati ter Horst took the helm on October 1, 2024. The company demonstrated resilience in challenging market conditions, posting an adjusted EBITDA of €86 million, a notable improvement from €51 million in the same period last year.

Outokumpu's operational performance showed mixed results across its business segments. Stainless steel deliveries reached 459,000 metric tons, slightly higher than the previous year's 449,000 metric tons. The company maintained its market leadership positions, ranking first in Europe and second in North America, despite increasing import pressures in both regions affecting steel prices.

Voor meer, zie link:

www.oreaco.com/steel/outokumpus-strat...

voda 6 november 2024 08:32

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Leadership Transition at Outokumpu: Niklas Wass Embarks on New Journey

Synopsis: Outokumpu Corporation announces that Niklas Wass, President of the Stainless Europe business line, will leave the company to pursue new opportunities. The search for his successor is underway as Wass continues in his role until March 31, 2025.
Wednesday, November 6, 2024

Outokumpu Corporation has announced a significant change in its leadership team. Niklas Wass, who has served as President of the Stainless Europe business line and a key member of the Outokumpu Leadership Team, has decided to leave the company. Wass will be pursuing a new career opportunity outside of Outokumpu. This decision marks the end of a remarkable tenure spanning over two decades, during which Wass has made substantial contributions to the company's growth and success.

Kati ter Horst, President and CEO of Outokumpu Corporation, expressed her gratitude for Wass's dedication and leadership. She highlighted his passion for sustainability and innovation, which have significantly impacted Outokumpu's operations and strategic direction. Under his leadership, the Stainless Europe business line has achieved numerous milestones, reinforcing Outokumpu's position as a leader in the stainless steel industry.

Voor meer, zie link:

www.oreaco.com/steel/leadership-trans...

voda 13 december 2024 10:51

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Outokumpu komt met winstwaarschuwing
13-dec-2024 10:48

Negatieve ontwikkelingen op markt voor roestvast staal.

(ABM FN-Dow Jones) Outokumpu verwacht dat de aangepaste EBITDA in het vierde kwartaal van 2024 rond nul of zelfs daaronder zal uitvallen. Dit zei de Finse fabrikant van roestvast staal in een persbericht.

Voorheen zei de fabrikant ervan uit te gaan dat de aangepaste EBITDA lager zou zijn dan de 86 miljoen euro die in het derde kwartaal werd behaald.

De tegenvaller wordt veroorzaakt door de zwakkere dan verwachte markt voor roestvrij staal, een langer dan gepland jaarlijkse onderhoud op de Tornio-locatie in Finland en een negatieve waardering van de voorraden, lichtte het concern toe.

Daarnaast waarschuwde het bedrijf ervoor dat de levering van roestvrij staal in het vierde kwartaal naar verwachting lager zal uitvallen dan eerder voorzien. Het bedrijf zei eerder te rekenen op een daling van 0 tot 10 procent ten opzichte van het derde kwartaal. Inmiddels denkt Outokumpu dichter in de buurt van een daling van 10 procent uit te zullen komen.

Op 13 februari 2025 publiceert Outokumpu de jaarcijfers.

Het aandeel Outokumpu daalde vrijdag met 7,4 procent.

Door: ABM Financial News.

voda 15 december 2024 12:16

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Outokumpu Issues Profit Warning: Q4 2024 Adjusted EBITDA Expected Near Break-Even or Negative

Synopsis: Outokumpu Corporation has issued a profit warning for the fourth quarter of 2024, forecasting that its adjusted EBITDA will be near break-even or negative. The company cites a weaker-than-expected stainless steel market, longer-than-planned maintenance at its Tornio site in Finland, and negative inventory impacts as key factors contributing to this downturn.
Friday, December 13, 2024

Outokumpu Corporation, a leading global producer of stainless steel, has issued a profit warning for the fourth quarter of 2024, revealing that its adjusted EBITDA is expected to fall close to break-even or even turn negative. This updated guidance, provided on December 12, 2024, indicates a sharp decline compared to the EUR 86 million recorded in Q3 2024.

Outokumpu's latest forecast underscores the challenges facing the company in the final quarter of the year. The primary factors driving this negative outlook include:

1. Weaker-than-expected stainless steel market conditions in Europe, where demand for stainless steel has been more sluggish than anticipated.

2. A longer-than-planned annual maintenance shutdown at the Tornio steel production site in Finland, which has led to reduced output and efficiency during this period.

3. The negative inventory value impact, a situation where the market prices of materials have fluctuated unfavorably, affecting the company's stock and operations.

Outokumpu has indicated that its stainless steel deliveries in the fourth quarter of 2024 are expected to decrease by 0-10% compared to the third quarter. The company notes that deliveries will likely be closer to the lower end of this range, further reflecting the difficult market conditions.

Despite previous guidance suggesting stability or slight growth in its stainless steel deliveries, the combination of the weak market and the extended maintenance period at Tornio has caused a significant reduction in volumes. This impact is expected to be reflected in the company’s fourth-quarter financial results.

Outokumpu's profit warning points to several key operational and market factors contributing to its revised financial outlook:

1. Weak Stainless Steel Demand: The stainless steel market in Europe has not performed as expected, and customer demand has been below projections. Lower demand for stainless steel typically leads to price pressures, which can affect margins.

2. Tornio Site Shutdown: The annual maintenance break at the Tornio site, one of Outokumpu's major production facilities in Finland, has lasted longer than planned. While maintenance is necessary for operational efficiency, extended shutdowns reduce the company’s ability to produce and deliver steel, thus impacting revenues and EBITDA.

3. Inventory Value Impact: The company has also been negatively impacted by inventory value adjustments, which can occur when the value of stored steel declines due to market fluctuations. Such impacts are often difficult to predict and can exacerbate financial losses during downturns in the market.

While the company’s fourth-quarter results may not meet expectations, Outokumpu has maintained a strong commitment to sustainability. The company has been recognized for its sustainability leadership and efforts to reduce carbon emissions. Despite the short-term challenges, Outokumpu continues to focus on its long-term goals of carbon reduction, sustainable production methods, and innovative manufacturing processes.

The company is actively working to address these operational challenges and stabilize its performance in the coming quarters. Outokumpu remains focused on its science-based climate targets, aiming to reduce its carbon emission intensity by 42% by 2030, a goal that is integral to its broader strategy of green transition and environmental responsibility.

Outokumpu’s full-year 2024 results are scheduled to be published on February 13, 2025. This will provide a clearer picture of the company’s financial performance for the year and offer insights into how it plans to navigate the current market challenges. Investors and stakeholders will be looking closely at these results for further guidance on the company’s financial health and its sustainability performance.

Despite the expected decline in Q4 results, Outokumpu’s broader strategy remains focused on strengthening its position in the global stainless steel market while pursuing its environmental objectives. The company is actively managing its operational risks and is committed to enhancing transparency in its financial and sustainability reporting.

As Outokumpu addresses these short-term challenges, its long-term growth prospects will largely depend on the recovery of the stainless steel market and the company’s ability to meet its sustainability targets while maintaining operational efficiency.

www.oreaco.com/steel/outokumpu-issues...

voda 13 januari 2025 07:24

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Outokumpu Boosts Kemi Chrome Mine Reserves by 95%, Securing Sustainable Future in Stainless Steel

Synopsis: Outokumpu, a global leader in sustainable stainless steel production, has significantly increased the mineral reserves at its Kemi chrome mine in Finland by 95%, extending its operational life. This expansion, backed by new underground drillings, positions the company for continued growth in the face of evolving global demand for chrome ore.
Monday, January 13, 2025

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www.oreaco.com/steel/outokumpu-boosts...

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