The second quarter of 2022 has ended, and it is time to wrap up the quarter in anticipation of the silent period starting on July 5. Outokumpu will publish its January-June 2022 half-year report on August 4.
Guidance for Q2/22 (published May 5, 2022):
Group stainless steel deliveries in the second quarter are expected to remain at a similar level compared to the first quarter. The European ferrochrome benchmark price further increased to USD 2.16/lb for the second quarter. With current raw material prices, significant raw material related inventory and metal derivative gains are expected to be realized in the second quarter. Supply chain uncertainties resulting from the war in Ukraine and associated Russian sanctions remain a risk in the second quarter.
Adjusted EBITDA in the second quarter of 2022 is expected to be higher compared to the first quarter.
Highlights in the second quarter of 2022: