Outokumpu Oyj (OUT1V.HE)
21 Feb 2018
Thu, Feb 1 2018
Jan 31 Outokumpu expects rising raw material costs, a weaker U.S. dollar and lower ferrochrome prices to hit its first quarter profit, the Finnish stainless steel maker said on Wednesday, wiping out this year's gain in its share price.
Finnish stainless steel maker Outokumpu reported a plunge in third quarter adjusted core profit of more than 50 percent on Thursday hit by a fall in ferrochrome production.
* Managing director Antti Makinen tells a news conference that Solidium aims to lower its ownership in steel maker Outokumpu over time, but added that it has no timetable
HELSINKI Finnish state-owned investment company Solidium has trimmed its ownership in stainless steel maker Outokumpu by selling 0.8 percent of the company's shares in recent days, a shareholder register shows.