Steelmakers in Sink or Swim Throes as Prices Drop, Solidium Says
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The commodities market will offer scant relief to metal producers struggling with overcapacity and low prices in the coming months, according to the head of Finland’s equity-asset manager.
Outokumpu Oyj, Rautaruukki Oyj and Talvivaara Mining Co. must continue adapting themselves to low steel and nickel prices, Kari Jaervinen, managing director of Solidium Oy, which owns stakes in all three companies, said in an interview in Helsinki yesterday.