09
May
20:23
Outokumpu foresees higher second-quarter deliveries
Outokumpu foresees stainless steel deliveries in the second quarter rising 5-15% versus Q1. The recent political strike in Finland is expected to have an approximately €30 million ($32m) negative financial impact in Q2. The firm’s chief executive, Heikki Malinen, will meanwhile step down by year-end.
The scrap market is expected to remain tight amid weaker industrial activity, while given current raw material prices, some raw material-related inventory …
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Anonymous
Very good overview of the weekly steel market.
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