Outokumpu’s CEO Juha Rantanen has reviewed the company’s annual general meeting and describes the stainless steel market situation for Outokumpu as normal. In his review Juha Rantanen has stated that the orders for stainless steel have been reasonably well. Market conditions in Asia are better, but the demand in Europe for stainless steel has weakened. According to consultants CRU, the German market base price for grade 304 has declined altogether by EUR 100 per tonne during January-February compared with the December situation.
