[SMM Stainless Steel Flash] Outokumpu Returns to Profit in Q2 2026 Amid Higher Deliveries

Published: Jul 31, 2026 10:54

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Outokumpu reported Q2 2026 sales revenue up 6.5% YoY to €1.58 billion, with adjusted EBITDA rising 33.3% to €100 million, driven by improved European performance and continued strong Americas results. The company posted a net profit of €25 million, reversing a net loss of €19 million in Q2 2025. Stainless steel deliveries rose 5% QoQ and 1% YoY to 488,000mt, while ferrochrome deliveries increased 4% QoQ and 12.9% YoY to 114,000mt on robust demand for low-emission European ferrochrome. For H1 2026, sales revenue edged up 0.8% YoY to €3.03 billion, adjusted EBITDA grew 32.3% to €164 million, and net profit reached €18 million versus a net loss of €37 million in H1 2025. Under its EVOLVE strategy, Outokumpu will launch a €30 million first-phase investment at its Avesta plant in Sweden to expand into high-nickel alloys, with total investment estimated at €150 million. For Q3, stainless steel deliveries are expected to decline up to 10% QoQ due to seasonal factors, with adjusted EBITDA forecast to remain broadly stable.

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