HELSINKI (Reuters) – Finnish stainless steel maker Outokumpu reported higher-than-expected quarterly profits on Thursday, boosted by higher prices for stainless steel and ferrochrome.
The company’s adjusted earnings before interest, tax, depreciation and amortisation rose to 377 million euros ($400 million) in the January-March quarter from 177 million a year earlier.
That beat the median forecast of 354.8 million euros from 12 analysts in a company-provided poll.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
