Ormet's losses breach $100M

Oct 21, 2013 | 05:49 PM | Michael Cowden

Tags  Ormet, bankruptcy protection, United Steelworkers union, USW, District 1, John Puska, Hannibal smelter, Ohio smelter aluminum smelter

CHICAGO — Ormet Corp. recorded losses of more than $100 million in the first nine months of 2013.

The bankrupt Hannibal, Ohio-based aluminum producer posted a net loss of nearly $12 million in September, up from $11.7 million in August, pushing the nine-month net loss to nearly $106.4 million, according to an operating report filed Oct. 21 in....

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