Stainless steel supplier Outokumpu confirms it is expecting third-quarter Ebitda to be above Q2. This exceeds previous expectations.
The supplier notes that stainless steel prices have “increased more than expected”. The company sees delivered volumes growing 8% on-quarter in Q3, with realised prices set to be higher than expected.
“Outokumpu had earlier expected its third-quarter adjusted Ebitda to be at a similar level compared to the second quarter of 2021 (Q2/21: EUR 223 million)”, the company explains.
According to Kallanish reference transaction prices, stainless steel HRC has jumped a further €800-1,000/tonne ($923-1,154) in Europe since June.
Emanuele Norsa Italy