23
Nov
08:58
Outotec cuts costs on weak metals, mining outlook
Finnish technology supplier Outotec is seeking to cut a further €70 million ($74.4m) in annual costs as it anticipates continued weak investment in the global mining and metals industry.
"The market situation in the mining and metals industry has further weakened during the recent months,” the firm tells Kallanish. “Outotec's current cost-savings programme will continue, but it will not be sufficient given the current market outlook.&rd…
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Anonymous
Very good overview of the weekly steel market.
Anonymous