29
Feb
12:30
Outotec foresees further metals and mining investment cuts
Finland’s Outotec expects a further contraction in demand for metals production and minerals processing technology in 2016, as metals producers postpone investments and cut costs in response to weaker economic growth.
In 2015 the firm’s sales, excluding the service segment, fell -14% on-year to €1.2 billion ($1.31 billion), and the company sunk to a net loss of €17.2 million compared to a €0.2m profit in 2014. Order intake, howeve…
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Anonymous
Very good overview of the weekly steel market.
Anonymous