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Outokumpu’s loss smaller than expected

Outokumpu the finish stainless steel manufacturer posted second quarter losses of  94 million euros ($133.4 million) in April-June from a 174 million profit a year ago. This was slightly better than the forecast figure by industry experts of 104 million euros. CEO Juha Rantanen siad in a statement “Despite the continued rather heavy operating loss, [...]

 

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Syndicated From: Stainless Steel Me