Outokumpu falls deeper in the red in 2d qtr.

Jul 25, 2013 | 10:30 AM | Elfi Middelbeek

Tags  stainless steel, Outokumpu, earnings report, nickel prices, Mika Seitovirta, Elfi Middelbeek

LONDON — Stainless steel producer Outokumpu Oyj posted a second-quarter net loss of €250 million ($330 million), 65 percent higher than a €152-million loss in the first three months of this year, due to a drop in deliveries, lower nickel prices and a weaker performance by its Americas operations.

Sales fell to €2.06 billion ($2.72 billion), down 7.1 percent in the same comparison.....

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