A summary of stainless steel producer Outokumpu's results for the second quarter of 2020.
In briefWeakening of global demand for stainless steel due to the Covid-19 pandemic dragged Outokumpu's earnings sharply downward in the second quarter. In Europe, the company's results were burdened by both lower deliveries and prices as well as high import levels from third countries, particularly from Asia. Outokumpu was "disappointed" by the European Commission's decision to increase import quotas by 3%, announced...