Stainless steel producer, Outokumpu expects its deliveries in Q2 2021 (April- June 2021) to have increased by 0-5pc compared to the previous quarter on improved demand and capacity utilization.
The company stated in its Q2 outlook on Tuesday that raw material prices through the second quarter have been volatile because of which, inventory levels were tighter compared to Q1 2021. Moreover, the planned maintenance cost in the second quarter is projected to rise by €10mn ($11.8mn) compared to the previous quarter.
The firm also expects its EBITDA to be either higher or at par with the first quarter levels in Q2 2021.
(€1 = $1.18)