Johann Steiner, President of the Americas business area at Finnish steelmaker Outokumpu, sold 70,000 shares in the company on June 3.
The shares were sold on Nasdaq Helsinki at a volume-weighted average price of 6.19 euros per share. The total transaction value amounts to approximately 433,300 euros.
Outokumpu Oyj is one of the world's leading manufacturers of stainless steels. Net sales break down by activity as follows:
- sales of generic steel products (95.7%): rolled products, plates, flat steels, etc. The group also develops ferrochrome production activity. Net sales break down by geographical area between Europe (68%) and America (32%);
- ferrochrome production (4%);
- other (0.3%): primarily holdings in industrial groups.
Net sales are distributed geographically as follows: Finland (3.7%), Germany (16.8%), Italy (11%), the United Kingdom (3.7%), Poland (3%), Europe (22%), North America (33%), Asia-Pacific (5.7%) and other (1.1%).
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