Outokumpu, a leading stainless steel manufacturer in Europe based in Finland, reported a positive second quarter for 2025. The company's adjusted EBITDA increased to EUR 75 million, up from EUR 56 million in the same period of the previous year.

During the period, stainless steel deliveries also grew to 483,000 tons from 468,000 tons in the second quarter of 2024. The net debt decreased quarter on quarter to EUR 169 million, further strengthening its balance sheet.

The company's new EVOLVE strategy for 2026-2030 aims to drive growth and shareholder value. The main foundational initiatives include a planned investment of approximately EUR 200 million in a new annealing and pickling line in Tornio, Finland, while closing two less competitive lines in Krefeld, Germany. Outokumpu also plans to expand into high-nickel alloys and low-CO2 metals.