contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

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
  ... 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
    }
    ... 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-outokumpus-next-plan-period-for-share-based-programs

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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.

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.

In my opinion, this upturn has not yet been fully priced in, and Outokumpu will continue its rise. The climb will, of course, be bumpy. According to forecasts, the European stainless steel market will grow at a CAGR of ~4.4–7% (depending on the source), and the value will rise from ~19–22 billion dollars (2024/2025) toward 30–93 billion dollars by 2030–2033. Growth is influenced by CBAM, new safeguards by July 2026: smaller quotas + higher tariffs, as well as green transition investments (hydrogen technology, renewable energy, and zero-emission construction). In the United States, the outlook is stronger and growth is faster: Stainless steel production grew +7.6% in 2025. The US market will grow at a CAGR of ~6.1–6.6% during 2025–2034, with the value rising from ~43 billion dollars (2025) to over 73 billion dollars by 2034. High import tariffs steer demand toward domestic producers and support volume growth. Federal investments in bridges, water, transportation, and the return of production to the USA increase demand. Key sectors include the automotive industry (lightweight structures), electronics, engineering, duplex grades, as well as the hygiene and process industries. It remains to be seen how the development of chrome production will be priced in during this upturn.

Quite a few stocks have a so-called hype premium, meaning future earnings are priced in. If the development is successful, these premiums are often still underestimated. It’s great that Outokumpu has moved—or rather, is moving—into this same league. You wouldn’t have expected it from this industry, inventing something concretely new for basic production. I also agree on the pricing; the option can be exercised practically for free, and the stake on the table is small. The return potential, on the other hand, is truly significant.

Outokumpu

Outokumpu Oyj Stock exchange release December 13, 2022 at 3.30 pm EETOutokumpu's next plan period for share-based programsThe Board of Directors has now approved the commencement of Outokumpu...

<div class="abstract">Outokumpu Oyj Stock exchange release December 13, 2022 at 3.30 pm EET</div>Outokumpu's next plan period for share-based programsThe Board of Directors has now approved the commencement of Outokumpu's share-based programs for the period 2023-2025, Performance Share Plan and Restricted Share Pool. The plans commence at the beginning of 2023.The earning criteria of the Performance Share Plan for this period are Outokumpu's return on capital employed and CO\2\ emissions per ton of crude steel produced. The maximum number of participants in the plan period 2023-2025 is 200 key employees. The maximum number of gross shares (taxes included) that can be allocated is 3,700,000.The Restricted Share Pool is used for a limited number of employees, i.e. key recruitments, exceptional performance, high potential, retention need, and other individual specific situations. The maximum number of gross shares (taxes included) that can be allocated is 250,000 shares for the plan period 2023-2025.The share rewards will be distributed in spring 2024 (RSP first tranche), 2025 (RSP second tranche) and 2026 (RSP third tranche and PSP), if the employment conditions and performance criterion are met. Applicable taxes will be deducted from gross shares, and the remaining net value will be delivered to the participants in Outokumpu shares.More information on share-based programs and their terms is available at www.outokumpu.com/en/investors/governance/remuneration/share-based-incentive-programs.For more information:Media: Päivi Allenius, VP - Communications, tel. +358 40 753 7374Investors: Linda Häkkilä, Investor Relations Manager, tel. +358 40 071 9669Outokumpu Oyj&nbsp;