Outokumpu Meets Q3 Profit Forecasts, Expects Lower Q4 Stainless Deliveries
Finnish stainless steel maker Outokumpu reported third-quarter core profit in line with forecasts and expects Q4 deliveries to fall 5-15%, Reuters reports.
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what happened
According to Reuters, Finnish stainless steel maker Outokumpu reported on Friday a third-quarter core profit in line with market expectations. The company also expects its stainless steel deliveries to fall between 5% and 15% in the last quarter of the year.
According to the company's own data, third-quarter deliveries reached 454,000 tonnes, compared with 464,000 tonnes in analyst consensus. Sales came to 1,555 million euros, EBITDA to 100 million euros and net income to 22 million euros. Weak demand in Europe, elevated customer inventories and a seasonal slowdown drove the lower shipments.
In the Americas, deliveries rose 7% from the previous quarter, and demand from data centers and the energy sector stayed firm. Household appliances and automotive, however, remained weak.
why it matters
For markets, this signals soft European demand for stainless steel and pressure on producers in the region. The company also expects fourth-quarter adjusted EBITDA to be similar to the 10 million euros recorded in the fourth quarter of 2025.
market impact
Stainless steel: weak European demand and lower Q4 deliveries weigh on the sector
tags
instruments
sources
- Outokumpu meets quarterly core profit forecasts, sees lower Q4 stainless deliveries — Reuters, 6 November 2026 at 07:07 UTC
- Outokumpu Sees Lower Q4 Stainless Steel Deliveries — Reuters, 6 November 2026 at 07:17 UTC
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