may 9 reuters  finnish stainless steel maker outokumpu out1vhe on tuesday reported higher than expected firstquarter core earnings as it managed to keep costs under control despite weaker volumes the companys adjusted earnings before interest tax depreciation and amortisation ebitda fell 42 to 204 million euros 22456 million in the januarymarch period but beat analysts estimate of 1445 million euros in a companyprovided poll the group said distributors continued destocking in the first quarter in americas and europe which negatively impacted delivery volumes outokumpus stainless steel deliveries declined by 17 yearonyear to 505000 tonnes but were up 12 from the last quarter of 2022 the company had seen its demand dip at the end of last year as a fallout of europes energy crisis put pressure on steel prices but has said would start recovering in early 2023 the world steel association upgraded its forecast for global steel demand in april expecting it to rise by 23 this year stainless steel deliveries in the second quarter are expected to remain stable compared to the first quarter the group said 1  09084 euros