[SMM Stainless Steel Flash] Outokumpu's Stainless Steel Deliveries Increase in Q2, Q3 Seen Lower on Seasonal Factors

Published: Aug 3, 2026 13:28

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Outokumpu reported Q2 stainless steel deliveries of 488,000 tonnes, up 4% QoQ and 13% YoY. European market demand remained largely flat, supported by the CBAM adjustment mechanism and steel safeguard measures, while underlying US demand proved stronger, particularly in industrial end-applications such as data centers and energy, with Mexico also showing signs of improvement. Intensifying Middle East conflict has heightened uncertainty and driven up energy and freight costs, though the direct impact on Q2 results was limited. For Q3, stainless steel deliveries are expected to decrease by approximately 0–10% QoQ due to seasonal factors in the European business area.

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