Leading European stainless steel producers Acerinox and Outokumpu have demonstrated strong growth in Q1 2025 despite geopolitical instability and pressure from imports. Both companies continue to focus on strategic initiatives to strengthen their positions in an unpredictable market.
Acerinox’s Growth and Strategic Focus
Acerinox, a key player in European stainless steel, reported a 29% increase in production, reaching 512 kilotons (kt) in Q1 2025. The company’s revenue rose 17% quarter-on-quarter to €1.6 billion, and EBITDA increased to €102 million, up from €91 million in Q4.
Acerinox remains optimistic despite geopolitical challenges. The company continues to implement its strategy, including integrating Haynes International, a U.S.-based alloy producer. Acerinox expects further EBITDA improvement in Q2 2025. The company anticipates synergies from Haynes, VDM, and NAS will reach $75 million, surpassing prior estimates. CEO Bernardo Velasquez emphasized that the company is focusing on controllable factors and executing its plan despite market uncertainties.
Outokumpu’s Performance and Outlook
Outokumpu also reported strong Q1 results. The company’s shipments increased by 11% quarter-on-quarter, reaching 470 thousand tons. Adjusted EBITDA grew to €49 million, up from €38 million in Q4. Outokumpu attributed the positive results to cost optimization, strong Ferrochrome performance (€43 million EBITDA), and efficient production relocation to Germany.
Despite a strike in Finland, which resulted in €15 million in losses, Outokumpu expects shipments to grow by 10% in Q2. The company anticipates EBITDA to remain stable or increase. However, planned repairs at the ferrochrome production facility could impact earnings by up to €10 million.
Focus on Raw Material Security and Decarbonization
Both Acerinox and Outokumpu are focusing on securing raw materials and decarbonization. Outokumpu signed a 10-year supply agreement for low-carbon molybdenum, aligning with industry trends to reduce the environmental impact of steel production.
Despite external challenges, both companies remain resilient and well-positioned to navigate the evolving steel market in 2025. Their focus on cost efficiency, raw material security, and decarbonization will support sustainable growth in the years ahead.
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