Outokumpu delays restart of ferrochrome furnace amid high electricity prices

Finnish stainless steel maker Outokumpu (OUT1V.HE) on Tuesday said it would delay the restart of one of its ferrochrome furnaces after maintenance due to "exceptionally" high electricity prices.

"Energy prices have increased significantly, which has had a negative impact on our cost competitiveness compared to our non-European competitors," said Outokumpu's head of ferrochrome, Martti Sassi, in a statement.