Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Stainless steel producer, Outokumpu, elevated its Q4 2020 earnings target as the company projects its adjusted EBITDA will exceed levels in Q3. 


The manufacturer estimates its stainless-steel shipments will increase by about 5-10pc in Q4 as the industry witnessed a revival that surpassed prior expectations. The company shipped 488,000mt of stainless-steel products in Q3. Better cost efficiencies and optimistic raw material impacts are also expected to support an improved outcome. 


The company, headquartered in Helsinki, Finland, projected in a prior statement that its Q4 adjusted EBITDA would remain at €22mn ($26.7mn), the same level achieved in Q3.


($1 =€0.82)

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