Outokumpu announce big loss

Finish stainless steel maker Outokumpu have announced big losses in the first quater of 2009 see below for full details:- Operating profit EUR -249 million, underlying operational result some EUR -134 million Low deliveries and prices due to very weak demand for stainless steel Very strong operating cash flow EUR 301 million, gearing 32% Group key figures, EUR million I/09 I/08 IV/08 Sales 679 1 [...]