Stainless steel market rebound from Covid boosts Outokumpu's Q3 results

A summary of Finland-based stainless steel producer Outokumpu’s results for the third quarter of 2021.

In brief

Sales increased significantly year on year due to higher deliveries and stainless steel prices as the market recovers from Covid-19. Stainless steel deliveries increased by 18% from the third quarter of 2020, which was heavily affected by the pandemic, but declined by 8% compared with the second quarter of 2021, in line with seasonal expectations. Earnings, meanwhile, increased...

Published

Ross Yeo

November 04, 2021

18:05 GMT

London