General Stainless – high-quality standard stainless steel

Outokumpu's General Stainless division produces high-quality standard stainless steel in the form of coil, sheet and long products. The main market is Europe. In this standard high-volume market segment, cost efficiency, high quality and delivery reliability are key competitive advantages. Outokumpu aims to maintain its cost leadership in standard stainless steel grades through the advantages offered by the Group's integrated stainless steel plant in Tornio, Finland.

The main applications for General Stainless products are in industrial segments such as chemicals and petrochemicals, construction and energy-related industries, pulp and paper, catering and households. Customers are mainly distributors and processors who stock and process stainless steel to serve end customers.

General Stainless consists of Tornio Works and Long Products. The majority of the Group's stock and processing units and its sales companies are also reported under General Stainless.

General Stainless key figures
€ million 2009 2008 2007
Sales 2 065 4 147 5 321
of which Tornio Works 1 292 2 701 3 468
       
Operating profit -259 -6 220
of which Tornio Works -183 66 178
Non-recurring items in operating profit - - -
Operating capital on Dec. 31 2 421 2 663 2 607
Return on operating capital, % -10.2 -0.2 8.1
Capital expenditure 129 332 57
Depreciation 141 135 133
       
Personnel on Dec. 31 3 753 3 938 3 571
       
1 000 tonnes      
Deliveries of main products      
Cold rolled 486 628 587
White hot strip 248 297 270
Semi-finished products 196 340 383
Total deliveries of the division 929 1 265 1 240
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