Finland’s Outokumpu reported revenue of €1.555 billion and a net profit of €22 million for the third quarter of 2026, compared with a loss a year earlier. Adjusted EBITDA was €101 million, nearly unchanged from the second quarter and three times higher than a year ago.
Stainless steel deliveries fell 7% from the second quarter to 454,000 tonnes. Outokumpu attributed the decline to subdued European demand, high customer inventories and seasonal factors. Deliveries from its Americas business, however, rose 7%. Ferrochrome deliveries decreased 4% to 110,000 tonnes.
For January to September, Outokumpu’s revenue reached €4.588 billion, up from €4.308 billion a year earlier. Adjusted EBITDA increased to €265 million from €157 million.
The company expects stainless steel deliveries to decline by 5–15% in the fourth quarter compared with the third. Adjusted EBITDA is forecast to be at a similar level to the €10 million recorded in Q4 2025, reflecting lower delivery volumes, higher costs and expected raw-material-related losses.
Outokumpu also plans to start operations at a pilot plant for low-carbon, high-purity metals in Londonderry, New Hampshire, in the first half of 2027. The company aims to commission an industrial-scale facility in 2030.
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