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Outokumpu starts a collaboration with thyssenkrupp Materials Processing Europe and Boysen Group to help decarbonize the automotive industry Outokumpu, the global leader in stainless steel, is partnering with thyssenkrupp Materials Processing Europe, a leading steel and aluminium service centre, and Boysen Group, a premium exhaust system manufacturer, to introduce the world’s first towards-zero stainless steel to the automotive industry. Outokumpu’s Circle Green is the world’s most sustainable stainless steel with up to 92% lower carbon footprint than the industry average*. The companies aim to supply larger quantities of Outokumpu’s Circle Green product to the industry as of the second half of 2023. Voor meer, zie link:news.cision.com/outokumpu-oyj/r/outok... ,c3793563
Outokumpu and Nordic Steel to start collaboration – towards-zero stainless steel introduced for the first time to the Norwegian market Outokumpu Oyj Press release June 28, 2023 at 9.00 am EEST Nordic Steel can make anything from steel. These tanks are made of stainless steel and will be used in the oil and gas industry. Outokumpu, the global leader in stainless steel, is partnering with Nordic Steel, Norway's leading competence centre in steel, to introduce sustainable stainless steel in Norway. Outokumpu’s Circle Green is the world’s most sustainable stainless steel with up to 92% lower carbon footprint than the industry average*. The collaboration supports the sustainability strategy for both companies and enables Nordic Steel to be the first in Norway to offer the solution to its customers. Voor meer, zie link:www.outokumpu.com/en/news/2023/outoku...
Zo vandaag weer eens, sinds tijden, ingestapt met wat aandelen, voorzichtig. Als de koers weer onder de 30.00 komt, koop ik bij. Ik gok op een herstel van de staalmarkt, en ook de koers van Aperam, in de komende maanden. Voorlopig naar eens aanzien wat de koers doet. Zo'n zijsprongetje verdrijft de verveling.
Outokumpu Completes Divestment, Focuses on Core Business By Strategic Research Institute on Aug 04, 2023 11:22 am In a decisive move towards strategic consolidation, Outokumpu has successfully concluded the divestment of its remaining Long Products business in the regions of Degerfors and Storfors, Sweden. The company had previously unveiled this intention on April 1, 2023, after already divesting the majority of its Long Products business earlier in the year. The transaction with Cogne Acciai Speciali has now been finalized, solidifying Outokumpu's exit from the long products sector. With this transformative step, Outokumpu firmly redirects its focus towards its core business, prioritizing stainless steel flat products and ferrochrome ventures. Notably, the company's plate operations in Degerfors remain untouched and continue unaffected by the divestment. The enterprise value of this strategic maneuver amounts to a substantial €12 million, and its implementation has rendered a positive cash impact for Outokumpu. However, the company's financial records indicate a loss of approximately €30 million for the third quarter due to this transaction. The precise quantification of this book loss remains subject to final consideration, closing accounts, and accumulated translation difference. Bron Steelguru (via email)
Tesla Looks to Outokump for Cybertruck's Tough Exterior By Strategic Research Institute on Oct 13, 2023 11:26 am Synopsis: Tesla is reportedly in talks with Finnish stainless steel provider Outokumpu Oyj to source stainless steel panels for the upcoming Cybertruck, reports Teslarati. Outokumpu Oyj is known for its steel products and is a key player in Europe's stainless steel production. The Cybertruck's distinctive design features flat stainless steel panels, offering strength and corrosion resistance, albeit at a higher cost. These stainless steel panels may come from Outokumpu's Alabama plant, located approximately 650 miles from Tesla's Gigafactory Texas. Article: Tesla, the electric vehicle pioneer, is said to be in discussions with Finnish stainless steel provider Outokumpu Oyj, looking to secure stainless steel panels for its highly anticipated Cybertruck. Outokumpu Oyj holds a prominent position in Europe as a producer of stainless steel, supplying a range of industries, including the automotive sector. The Cybertruck, a vehicle that has garnered attention for its unconventional design characterized by flat stainless steel panels, is poised to enter full-scale production later this year. The choice of stainless steel over regular steel, although more costly, offers exceptional strength and resistance to corrosion. While the specifics of this deal have been kept private, individuals purportedly familiar with the matter, choosing to remain anonymous, have conveyed to Bloomberg News that Tesla might potentially obtain the steel for the Cybertruck from Outokumpu's plant in Calvert, Alabama. This facility is situated around 650 miles away from Tesla's Gigafactory Texas. It should be noted that Outokumpu may not be the sole supplier involved in furnishing steel for the Cybertruck. Tesla's CEO, Elon Musk, has underscored the durability that the Cybertruck's stainless steel exterior will bring to the vehicle. Yet, stainless steel, although robust, presents challenges in manufacturing. This decision to employ stainless steel in the Cybertruck is considered one of the contributing factors to the delays in the production of this all-electric pickup truck. Elon Musk himself acknowledged the intricacies involved in designing and building the Cybertruck. He described it as a "tough product to design" and even "tougher to build." This unique vehicle has pushed Tesla into uncharted territory, as it stands apart from anything else in the automotive market. Early prototypes of the Cybertruck have been spotted in various locations, including Austin, Texas, the San Francisco Bay Area, New Zealand, and Iceland. Tesla has expressed its intention to host the first delivery event before the conclusion of 2023, though an exact date remains undisclosed. When it finally hits the market, the Cybertruck will join a burgeoning category of electric pickup trucks, which includes contenders like the Ford F-150 Lightning, the GMC Hummer EV, and the Rivian R1T. While these electric pickups are yet to achieve mass production, the Cybertruck may appeal to a distinct demographic. Each of these vehicles caters to different aspects of the market, with the Rivian R1T offering a lifestyle-focused design, the Ford F-150 Lightning prioritizing utility, and the GMC Hummer EV adopting a more limited, novelty-like production approach. Given the enduring popularity of pickup trucks in the United States, there appears to be ample room in the market for the Tesla Cybertruck alongside its counterparts, whether from newcomers like Rivian or established automakers such as Ford. Conclusion: Tesla's pursuit of Finnish steel supplier Outokumpu Oyj for the Cybertruck's stainless steel panels is a testament to the company's commitment to ensuring the vehicle's robust exterior. Outokumpu's standing as a key player in Europe's stainless steel production positions it as a suitable partner for this endeavor. The choice of stainless steel, despite its challenges in manufacturing, reflects Tesla's dedication to delivering a vehicle that stands out in the automotive landscape. As the Cybertruck inches closer to production, it is set to join a competitive market of electric pickup trucks, each catering to distinct segments of consumers in the United States. Tesla's unique offering is poised to make a mark in this ever-evolving automotive sector. Bron Steelguru (via email)
Outokumpu geeft winstwaarschuwing 11-mrt-2024 11:34 Vanwege stakingen. (ABM FN-Dow Jones) Outokumpu heeft maandag een winstwaarschuwing afgegeven door de outlook voor het eerste kwartaal te verlagen. De Finse fabrikant van roestvast staal denkt dat de aangepaste EBITDA dit kwartaal op zijn best gelijk zal zijn aan die in het vierde kwartaal, maar ook lager kan uitvallen. Met een daling werd eerder geen rekening gehouden. Als reden voor de outlookverlaging noemt Outokumpu de stakingen in Finland. Die zijn gericht tegen de Finse politiek en niet tegen het bedrijf, benadrukte Outokumpu. Tussen 11 en 25 maart zullen de meeste Finse fabrieken van Outokumpu stilliggen door de stakingen. De fabrikant schat de schade op ongeveer 40 miljoen euro. Daarvan zal ongeveer de helft in de cijfers over het eerste kwartaal worden verantwoord. Door: ABM Financial News.info@abmfn.nl Redactie: +31(0)20 26 28 999
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