09
Nov
16:44
Compensation helps Outokumpu raise fourth-quarter earnings forecast
Finnish stainless producer Outokumpu tells Kallanish that it is to receive insurance compensation and is therefore revising its earnings outlook for the fourth quarter of 2018.
The steelmaker has completed negotiations with insurance companies regarding the property damage and business interruption at the Tornio ferrochrome production in Finland in the first half of 2017, it says. Outokumpu will receive insurance compensation of €32 million ($36.3m) wh…
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Anonymous
Very good overview of the weekly steel market.
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