A summary of the financial results for Finnish stainless steelmaker Outokumpu for the fourth-quarter and full year of 2020.
In briefSales in 2020 were only 3% lower than 2019, but earnings fell due to significantly lower prices in Europe during the Covid-19 pandemic A stronger-than-expected market recovery in the fourth quarter pushed earnings up from ?,?10 million to ?,?30 million quarter on quarter The company concluded 2020 without any Covid-19-related production losses after implementing rigorous measures...