Steel-maker Corus posts 37% fall in profits

Anglo-Dutch steel-maker Corus, posted a 37% fall in profits today after it was hit by lower selling prices and soaring raw material and energy costs.

Wed, 30 Aug, 2006 - 09:16

Anglo-Dutch steel-maker Corus, posted a 37% fall in profits today after it was hit by lower selling prices and soaring raw material and energy costs.

Formerly British Steel, the group said operating profits plunged from £485m (€718.5m) in the first half of last year to £305m (€452m) this time around.

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