Outokumpu Said Second Quarter Low

Reuters reported Outokumpu said second-quarter results were weaker than expected due to economic uncertainty in Europe and lower nickel prices.

As quoted in the market news:

Outokumpu, which plans to merge with German group ThyssenKrupp’s Inoxum unit to better deal with overcapacity and price competition from Asia, said on Tuesday its underlying quarterly operational loss would be around 40 million euros ($49 million).

Click here to read the full Reuters report.