Stainless steel maker Outokumpu shares up 16% on fourth quarter beat

(Reuters) - Finnish stainless steel maker Outokumpu said on Monday its October-December core operating profit would be better than expected due to tighter management of its raw material costs, sending its shares 16% higher.Outokumpu said the raw materials-related profit boost included improved raw material efficiency and hedging.Outokumpu, which is due to publish fourth quarter results on Feb. 5, said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in the period..