At the end of the first quarter, Outokumpu made a profit

Finnish Outokumpu (one of

a leading stainless

steel steel companies) in the I

quarter of this year returned to

profitability. According to the press service

of the Corporation, for the 1st — 3rd months

capacity Outokumpu profits

amounted to more than € 30 million.

Earlier in specialized

press reported that a similar

period of 2010 the Finnish steel

the company has finished with a negative

indicators: January — March last

the loss of the company amounted to 21 million

Euro.

Even less comforting

the profitability of the Corporation

marked the last quarter of last

year. We will remind that following the results of work in

October — December 2010 the financiers of the company

stated loss of € 85

million So to start 2011

Finnish metallurgists can be called

successful.

According to experts

analytical Department of the company,

the first three months of this year the volume of

sales Outokumpu amounted to:

• In the semis — 114 thousand tons (an increase of 81% more than the former indicators);
• The steel hot-rolled strip — 312000 tons (+ 18,6%);
• At the plate metal — 83 thousand tons (almost 24% more);
• In X/K band — 698 thousand tons, which exceeded the previous results by 28%.
• Pipe — 51000 tons (which is slightly below the previous level sales).

Outokumpu is a leading concern

Finland in the field of production

stainless steel (commercial sector Stainless Steel),

copper (Copper Products division), and black

metal (Metallurgy). The headquarters of the organization

located in Espoo (near

Helsinki). Stainless steel company

produces facilities located

(except for Finland) in countries such

like the UK, USA and Sweden. In addition

these States, metallurgical

the Corporation owns assets in 25 countries

world and has offices almost

in every region of the planet.