STOCKS NEWS EUROPE-Salzgitter seen lower after weak Q3

Shares in Salzgitter (SZGG.DE) are indicated 2.1 percent lower in pre-market trade after Germany's second-biggest steelmaker swings to a third-quarter pretax net loss, missing analysts' expectations, and warning that the recovery in the European steel market is still fragile.

Salzgitter posted a third-quarter pretax loss of 66.1 million euros ($99.13 million), lagging the average analyst estimate of a 43 million loss in a Reuters poll, and warned that overcapacity could still undermine prices. [ID:nL0364178]

A Frankfurt-based trader says: "The outlook also wasn't great."

Reuters Messaging rm://eva.kuehnen.reuters.com@reuters.net

($1=.6668 Euro)