Financial Times FT.com

Falling demand hits steelmakers

By Courtney Weaver

Published: October 23 2009 03:00 | Last updated: October 23 2009 03:00

Outokumpu Oyj and Rautaruukki Oyj, Finland's two biggest steelmakers, both fell about 8 per cent yesterday after a slowdown in the construction sector weighed down their third-quarter earnings.

Outokumpu , which posted an operating loss of €65m, lost 8 per cent to €12.57. Rautaruukki dropped 7.4 per cent to €15.62 after operating losses reached €54m.

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