October 31, 2019 / 7:14 AM / 17 days ago

Outokumpu Q3 numbers hit by Asian steel imports

Oct 31 (Reuters) - Finnish stainless steelmaker Outokumpu reported a slump in third-quarter sales and profit as cheap Asian imports continued to hit sales in Europe.

Core operating profit fell to 45 million euros ($50 million) from 128 million euros a year earlier, it said on Thursday, missing expectations for 58 million euros in a Refinitiv poll of analysts.

Sales dropped to 1.59 billion euros from 1.73 billion. ($1 = 0.8962 euros) (Reporting by Tarmo Virki in Tallinn Editing by David Goodman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below