Get started

Outokumpu upgrades Q4 guidance after unexpected sales boost

Stainless steel producer Outokumpu has upgraded its guidance for the fourth quarter of 2020 following better-than-expected sales, the Finnish company said on Tuesday December 15.

December 15, 2020
By Ross Yeo
Europe United States

With production facilities in Finland, Sweden, Germany, the UK, Mexico and the United States, and sales offices around the world, Outokumpu now expects its earnings before interest, taxes, depreciation, and amortization (Ebitda) to be higher than the third quarter because stainless steel deliveries are estimated to have increased by about 10-15%.

The increase in deliveries was attributed to a better-than-expected market recovery following the initial Covid-19 restrictions.

Outokumpu previously said that its Ebitda for the fourth quarter would be unchanged from the third quarter at €22 million ($26.7 million).

The fourth-quarter performance is also expected to be supported by improved cost efficiency and the positive impact of raw materials costs.

Fastmarkets’ weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was €2,100-2,130 per tonne on Friday December 11, up from €1,980-2,030 per tonne at the end of the third quarter on September 25.

What to read next
Correction to sustainable aviation fuel exw Netherlands cost of production prices for January 9
An incorrect EUR/USD exchange rate, used to convert the cost of inputs priced in euros to US dollars, caused the prices to be calculated incorrectly. This has now been rectified. The following prices were affected: AG-SAF-0004 Sustainable aviation fuel (SAF max), base cost, exw Netherlands, $/tonnePublished incorrectly as: $2,995 per tonneCorrected to: $1,996 per tonne […]
February 6, 2026
 · 
By Fastmarkets pricing team
Architecture, Building, Factory
US-led price floors set to shake critical minerals markets: Hotter Commodities
The United States convened more than 50 countries in Washington this week for a critical minerals summit that delivered a flurry of new initiatives designed to reshape the geopolitics — and pricing mechanics — of minerals essential to semiconductors, electric vehicles and the defense supply chain.
February 6, 2026
 · 
By Andrea Hotter
Delayed publication of European aluminium billet premiums, inferred prices: pricing notice
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
February 6, 2026
 · 
By Fastmarkets pricing team
A worker holds a piece of ore with a mix of minerals and metals at a mine. The US is launching a new trade bloc proposal for critical minerals including tungsten
Critical Minerals Ministerial unveils US trade bloc proposal; tungsten market reacts
The US laid out its strongest push yet to reshape global critical minerals supply chains at the inaugural Critical Mineral Ministerial in Washington on Wednesday February 4, where senior officials detailed plans for an allied trade bloc built on reference prices and enforceable price floors – a potential turning point for small, strategically important markets such as tungsten.
February 6, 2026
 · 
By Shalina Cao
Trump's first 100 days steel tariffs impact
$12 billion US critical minerals stockpile could tighten supply chains
A new US initiative to establish a stockpile of critical minerals for the civilian economy could add pressure to already stretched supply, market participants told Fastmarkets on Tuesday February 3 and Wednesday February 4.
February 6, 2026
 · 
By Solomon Cefai
Lumber Talk banner image
Five predictions for the 2026 North American wood products market
In 2026, the North American wood products industry enters a year of cautious stabilization.
February 6, 2026
 · 
By Dustin Jalbert