Strike hits Outokumpu’s stainless steel production

On March 8, Finnish stainless steelmaker Outokumpu announced that the strike of Finnish stevedores affiliated to the Finnish Transport Workers Union (AKT) has started to impact Outokumpu's operations in Röyttä harbor in Tornio. All operations in the harbor have currently stopped.
 
Immediately after the start of the strike on March 4, Outokumpu said that it had managed to secure operation of the private part of the harbor with the help of sub-contractors. However, Outokumpu is currently not able to carry out these arrangements.
 
This will consequently have an impact on Outokumpu's deliveries of stainless steel and on the supply of raw materials. It is estimated that within a week, production of stainless steel and ferrochrome will stop in Tornio. If production totally ceases, the financial impact of the strike on Outokumpu's results is estimated to amount to some €1 million per day.