contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

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trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


outokumpu-oyj-outokumpu-updates-its-dividend-policy

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summary

companies

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changedAt

Outukumpu is a manufacturer of stainless steel and the group offers specialized solutions for various industrial purposes. The steel is used in tools, industrial infrastructure, and medical equipment. Customers are found on a global level, primarily in Europe and North America. Sales take place via global sales and service centers. The head office is located in Helsinki.

It’s said that steel 232s are being adjusted.  IF I understand Fast Markets’ interpretation correctly, then in Calvert, the melted & poured roster can come from Mexico with lower tariffs. And if the final products have sufficiently few metals, the metal content is no longer sanctioned by 232 tariffs.  And metal-intensive products will not enjoy 50% tariffs on their metal content, but 25% tariffs on the full value of the entire product. It’s difficult to say what all this would mean for Outsa’s Americas/MX segment, or if it means anything in practice…  But I suppose this will become clear at the latest during the earnings call, which isn’t until May 12th.  Also, “products made abroad but entirely with American steel, aluminium and copper will be subject to lower tariffs of 10%,” according to the proclamation, and products made of 15% or less steel, aluminium or copper will no longer be subject to Section 232 metals tariffs.   Derivative articles substantially made of steel, aluminium or copper will pay a flat 25% duty on their full value, according to the presidential proclamation on Thursday, a departure from the previous method of collecting 50% tariffs on just the metals component of a product imported into the US.                    EUROMETAL - The Voice of European Steel, Tubes and Metal Distribution... – 3 Apr 26              Trump overhauls Section 232 tariffs, 25% duty to be levied on full value of...    US President Donald Trump issued a proclamation on Thursday April 2 that alters the way Section 232 tariffs are calculated on derivative products, thus impacting the import price of steel, aluminium and copper products. Derivative articles...                             Strengthening Actions Taken to Adjust Imports of Aluminum, Steel, and Copper Into the United States – The White House Strengthening Actions Taken to Adjust Imports of Aluminum, Steel, and Copper Into the United States – The White House

After years of adjusting the Carbon Border Adjustment Mechanism (CBAM), the EU has realized that carbon leakage does not only occur at the raw material level, but also at the product level.  This is an obvious issue that could have been addressed when CBAM was being designed and implemented. However, some kind of plan is emerging, with a timeline of January 1, 2028, which is just over 1.5 years away. It is reassuring, however, that now that a fix is known to be in the works, an EU producer no longer needs to flee in terms of EU demand, and on the other hand, an importer has time to make investment decisions regarding their production if they wish. It is still personally unclear to me whether an EU producer’s exports outside the EU are burdened by the EU’s carbon regulations and their fees.  These are typically higher than elsewhere in the world, and at the same time, EU producers’ competitors live quite leisurely in terms of the carbon world, not only for raw materials but also for the entire rest of the ecosystem…  According to the draft, a broad group of products particularly those with high steel and aluminum content will be included in the mechanism as of January 1, 2028. Within this scope, many items will fall under CBAM obligations, including fasteners such as screws, bolts, and nuts, as well as pipes, tanks, construction components, and railway materials. In addition, more complex products such as engines, pumps, white goods, industrial machinery, electrical equipment, and certain commercial vehicles will also be covered.                    EUROMETAL - The Voice of European Steel, Tubes and Metal Distribution... – 1 Apr 26              EU to introduce new carbon regulation for exporters: Scope expands to...    The draft regulation published by the European Union Council on March 24, 2026 aims to establish a stricter framework in combating carbon leakage by significantly expanding the scope of the Carbon Border Adjustment Mechanism. The new regulation...

Here are some more comments from the EU steel lobbyist Eurofer regarding the steel-related aspects of the Industrial Accelerator Act. The hope is for a tighter framework to ensure the involvement of EU companies, presumably in case the CBAM (Carbon Border Adjustment Mechanism) and tariff reforms are bypassed. The EU has a tendency to be a bit naive, so there really should be more foolproof systems, considering that today’s global trade policy and geopolitics are what they are—i.e., heading in a different direction than before. Edit: It’s worth noting that according to this, the IAA would only require a 25% low-carbon share in public procurement, which would correspond to about 5% of total consumption. This could also be based on non-EU trade agreements.  The proposal offers some welcome foundations that could stimulate demand for low-carbon steel. But the demand signal remains limited. The  proposal requires 25% of steel in public procurement and public support  schemes to be low-carbon - yet it does not require that this steel be  produced in Europe. This matters. 25%  of public procurement represents less than 5% of the total steel  market, and public support schemes vary widely across Member States. Without  stronger and clearer demand signals, these measures may not provide the  long-term certainty needed for major industrial investments. To make lead markets work, the EU must ensure it supports low-carbon steel made in Europe, not made in third-countries. The Industrial Accelerator Act is a welcome start - but it must go further to increase demand for green steel made in Europe. EUROFER therefore calls for:  a clear definition of “Made in Europe” for steel, based on steel melted and poured in the EU and EEA   the application of both low-carbon and European origin criteria in the Industrial Accelerator Act   a robust labelling framework to support lead markets   affordable electricity prices to further enable steel decarbonisation.  https://x.com/i/status/2029217279271915940

Outokumpu is indeed in favor of the project, with the following development suggestions.  Apparently, that third suggestion refers to the idea that EU requirements for components should also apply to the steel they contain.  Outokumpu further encourages the Commission to  introduce an EU low-carbon steel label, which would enable steel manufacturers to demonstrate their products’ carbon dioxide emissions and help buyers choose cleaner materials, introduce low-carbon criteria for stainless steel as well, so that the criteria take into account differences in manufacturing processes and also consider the high emissions in the supply chain, and expand Made in EU requirements to also cover steel, as excluding products containing steel from the list of preferred European products can lead to high-emission steel being imported into Europe, resulting in final products with a large carbon footprint being manufactured here.   Outokumpu supports the EU proposal to boost industry | Outokumpu Outokumpu tukee EU:n ehdotusta teollisuuden vauhdittamiseksi | Outokumpu

The EU Commission has approved a legislative proposal, the ‘Industrial Accelerator Act’, regarding public procurement and public support schemes. A good addition alongside January’s CBAM directive and the tariff reform coming into effect this summer (zero-duty import quota halved, 50% tariff on the excess, creation of the ‘melted & poured’ rule).   supporting lead markets for EU-manufactured and low-carbon products.  The act introduces preferential treatments related to EU manufacturing and low carbon in public procurement and public support schemes to increase demand for European industrial products. Such products include cement, aluminum, and net-zero technologies, such as batteries as well as solar, wind, heat pump, and nuclear power technology. Regarding steel, the act proposes specific low-carbon benefits to create market demand. This aims to increase confidence and predictability among investors, promote innovation, and make clean steel a key part of the EU’s industrial future.                     Suomen-edustusto              Teollisuuden vauhdittamissäädös vahvistaa teollisuutta ja luo työpaikkoja...    Euroopan komissio on tänään hyväksynyt lainsäädäntöehdotuksen, jolla lisätään vähähiilisten, Euroopassa valmistettujen teknologioiden ja tuotteiden kysyntää. Teollisuuden vauhdittamissäädöksellä (Industrial Accelerator Act) piristetään...

If Outokumpu were to transition from being a ferrochrome producer to a pure chromium producer, the impact on Outokumpu’s earnings capacity would be dramatic. Outokumpu would transform from a capital-intensive cyclical commodity company into a capital-generating cyclical company. In this scenario, Outokumpu would be valued at a significantly higher level. The assessment is AI-generated. Current Situation (2025) Production capacity: 530,000 t of ferrochrome per year. Actual production/deliveries: 395,000 t, containing 53% chromium → 210,000 t Cr/year. Revenue in the ferrochrome segment: €462M. Adjusted EBITDA: €138M. Hypothetical Future for Pure Chromium Metal 210,000 t of pure chromium metal per year Market price for pure chromium (99% Cr): •  China (SMM): 9,130 USD/t  •  USA/Europe: 12,300–13,200 USD/t  Potential revenue (conservative average): approximately €1.9 billion (vs. current €462M from ferrochrome).  Incremental revenue of €1.4 billion/year from sales alone. Profitability Impact: Current EBITDA margin in ferrochrome ~30% (€138M / €462M). Pure chromium is a specialty metal (uses: aerospace, defense, superalloys), with a price per ton of chromium that is 2.5–4 times that of ferrochrome. Outokumpu’s own mine + low raw material costs + potential proprietary low-carbon technology (which they are currently developing) would enable high margins. Estimated EBITDA Impact: If production costs increase (additional processing: oxidation/reduction/electrolysis) but not in proportion to the price, the segment’s EBITDA could rise to €500–800M per year (vs. current €138M). The group’s total result (current adjusted EBITDA ~€167M in 2025) would improve dramatically.

Here is a quick read from SalkunRakentaja about Outokumpu that only takes a few minutes.   The Trump administration’s 50 percent steel tariffs on EU imports remain in effect, although Outokumpu’s American production is primarily local. A greater risk lies in the fact that the full effects of CBAM and safeguard tariffs will only materialize with a delay of several months. If European industrial demand does not recover during 2026, investors may find they have bought into a promise that takes longer to be fulfilled than estimated.  Subheadings:  Carbon Border Adjustment Mechanism (CBAM) hits imports Growth in defense budgets materializes The bottom seems to have been passed Analysts more cautious than the market                    SalkunRakentaja – 2 Mar 26              Markkinat uskovat Outokummun käänteeseen - taustalla kolme syytä    Ruostumattoman teräksen valmistajan markkina-arvo on kovassa nousussa, vaikka yhtiö on yhä selvästi tappiollinen.

Outokumpu

Outokumpu Oyj Stock exchange release June 16, 2022 at 8.14 am EESTOutokumpu updates its dividend policyThe Board of Directors ("the Board") of Outokumpu Oyj has resolved on a new dividend policy...

<div class="abstract">Outokumpu Oyj Stock exchange release June 16, 2022 at 8.14 am EEST</div>Outokumpu updates its dividend policyThe Board of Directors ("the Board") of Outokumpu Oyj has resolved on a new dividend policy.According to the new dividend policy Outokumpu aims to distribute a stable and growing dividend, to be paid annually."Outokumpu aspires to be an attractive investment for long-term investors. The updated dividend policy aims to provide for stability and predictability, despite the volatile nature of the stainless steel business", says Chairman of the Board Kari Jordan.According to the previous dividend policy, the pay-out ratio throughout a business cycle was aimed to be within a range of 30-50% of the Group's net income.The Board states that the new dividend policy and current financial trajectory provides the Board a possibility to propose a significant increase in dividend to the next Annual General Meeting.Outokumpu will arrange a Capital Markets Day today, June 16, 2022. The Capital Markets Day's webcast details and presentations can be found at www.outokumpu.com/en/capital-markets-day.For more information:Investors: Linda&nbsp;Häkkilä,&nbsp;Head of Investor Relations, tel. +358 40 071 9669Media: Päivi Allenius, VP, Communications, tel. +358 40 753 7374Outokumpu Oyj&nbsp;