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Outokumpu: Cost savings helped narrow losses

2014-11-05 11:34:01| Steel - Topix.net

Finnish stainless steel company Outokumpu Oyj said Wednesday that cost savings helped it narrow losses in the third quarter but warned that the stainless steel market is expected to weaken during the fourth quarter. The operating loss in the period from July to September was 9 million euros compared with an operating loss of EUR134 million in the same period a year earlier.

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