AT A GLANCE: Outokumpu's sales fall further in Q3; targets 1,000 job losses

A summary of stainless steel producer Outokumpu’s results for the third quarter of 2020.

In brief 

Outokumpu's sales, deliveries and earnings decreased quarter on quarter amid continued Covid-19 pressures, following negative results in the second quarter. In Europe, rising competition from Asian imports and the typical seasonal consumer slowdown contributed to a challenging quarter.  The company welcomed definitive anti-dumping measures imposed in October by the European Commission on hot-rolled stainless steel from Indonesia, China...


Ross Yeo

November 05, 2020

17:22 GMT