Outokumpu traded at 4.82 this Wednesday April 1st, increasing 0.18 or 3.84 percent since the previous trading session. Looking back, over the last four weeks, Outokumpu gained 14.95 percent. Over the last 12 months, its price rose by 38.13 percent. Looking ahead, we forecast Outokumpu to be priced at 4.50 by the end of this quarter and at 4.14 in one year, according to Trading Economics global macro models projections and analysts expectations.
Outokumpu Oyj is a Finland-based stainless steel company. It operates within four business areas, namely Stainless Coil EMEA (Europe, the Middle East and Africa), Stainless Coil Americas, Stainless APAC (Asia-Pacific) and High Performance Stainless & Alloys. The Company produces a range of stainless steel products, including hot and cold rolled, precision strip, tubular and stainless long products together with a range of stainless fittings, flanges and welding consumables. Its products are used in automotive, heavy transport, white goods, building and construction, as well as in process industries. The Company’s main production plants are located in Finland, Sweden and the United Kingdom. The Company operates in over 40 countries.