Outokumpu stainless steel deliveries hit record low in 2024

Outokumpu, a leading Finnish stainless steelmaker, reported record low stainless deliveries and a significant drop in adjusted EBITDA for 2024, citing challenging market conditions in Europe, according to the full-year financial statements the company released on February 13.

Its stainless steel deliveries totaled 1.79 million tonnes last year, down from 1.91 million tonnes in the previous year, the results showed. Adjusted EBITDA for 2024 amounted to EUR 177 million ($185.2 million), marking a sharp decline from EUR 517 million in 2023. The company attributed this downturn to weak market conditions and