icon

Finland - Latest news GMK Center

Photo – The Finnish steel market: the price of the crisis
The Finnish steel market: the price of the crisis

Over the past five years, steel production in Finland has fallen by 17.6%, while consumption has dropped by 19%

Photo – Outokumpu increased stainless steel shipments by 27% q/q
Outokumpu increased stainless steel shipments by 27% q/q

The company increased its shipments to 465,000 tons amid the impact of the CBAM and a seasonal uptick

Photo – Tibnor to acquire Finnish steel distributor Ovako Metals Oy
Tibnor to acquire Finnish steel distributor Ovako Metals Oy

The agreement with Ovako is expected to strengthen Tibnor's position in Finland and expand its service and product range

Photo – Outokumpu increased stainless steel sales to 1.39 million tons in January-September
Outokumpu increased stainless steel sales to 1.39 million tons in January-September

Growth was driven by the American market, while volumes declined in Europe

Photo – Blastr Green Steel receives environmental clearance for its plant in Finland
Blastr Green Steel receives environmental clearance for its plant in Finland

The company has been working on obtaining an EIA for more than two years

Photo – Aurora to build distribution facilities for Blastr Green Steel plant
Aurora to build distribution facilities for Blastr Green Steel plant

Blastr to explore the possibility of outsourcing its power grids to Aurora Infrastructure

Photo – Outokumpu slows investment plans amid weak stainless steel market
Outokumpu slows investment plans amid weak stainless steel market

Finnish company cancels plans for US expansion and nuclear investments due to market difficulties

Photo – Finland reduced steel production by 3.8% y/y in 2024
Finland reduced steel production by 3.8% y/y in 2024

Production per year was 3.7 million tonnes

Photo – Blastr Green Steel has completed the second round of partnership financing
Blastr Green Steel has completed the second round of partnership financing

Three new investors joined the original investors

Photo – Blastr Green Steel will be green steel mill at Finlandi
Blastr Green Steel will be green steel mill at Finlandi

The technological partner of the project is Primetals Technologies