Outokumpu profits fall; more job cuts slated

Apr 25, 2013 | 03:11 PM | Elfi Middelbeek

Tags  Outokumpu, stainless steel, job losses, Mika Seitovirta, Elfi Middelbeek

LONDON – Stainless steel producer Outokumpu Oyj saw first-quarter earnings fall 80 percent compared with a year earlier as weak economic conditions weighed on prices.

First-quarter earnings before interest, taxes, depreciation and amortization (Ebitda) totaled €12 million ($15.6 million), down from €61 million in the same period last year. ....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results