Outokumpu – Further flexibility and less alloy risk through additional Option III (Average Flex) in the Daily Alloy Surcharge pricing model as of June 2014
OUTOKUMPU OYJ
TRADE PRESS RELEASE
May 7, 2014 at 10.00 am EET
Beginning of January 2014 Outokumpu introduced the Daily Alloy Surcharge pricing model. Based on continuous dialogue with customers Outokumpu is now further extending the options available within the model and as of June 2014 is introducing a third option, Average Flex, to determine the Daily Alloy Surcharge.
In addition to the previously available options to fix the alloy surcharge on the date of the order (Option I: Effective) or selecting any day between order and delivery (Option II: Selective), the third option (Average Flex) reduces customer’s alloy risk by calculating the Daily Alloy Surcharge as an average based on a self-defined period between order and delivery date.
Says Olli-Matti Saksi, head of sales EMEA (Europe, Middle East and Africa): “We have received positive feedback from several customers. The Daily Alloy Surcharge pricing model offers unique decision freedom to customers to reduce metal risks and a mechanism to benefit from volatile metal markets to maximize metal profits”.
The new Option III (Average Flex) will be available for all new orders from June 2014 onwards for European mill distributor customers of flat products. More information on the Daily Alloy Surcharge pricing model can be found on www.outokumpu.com.
More information
Corporate Communications tel. +358 9 421 2569
Outokumpu Group
Outokumpu is a global leader in stainless steel. We create advanced materials that are efficient, long lasting and recyclable – thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs more than 12 000 professionals in more than 30 countries, with headquarters in Espoo, Finland and shares listed on the NASDAQ OMX Helsinki. www.outokumpu.com