European steel users dented by soaring prices

Newswire

LONDON, Sept 23 (Reuters) - Big European steel users fell on Thursday after a profit warning from Swedish home appliance maker Electrolux highlighted the risk to earnings from soaring metals prices. The world's largest home appliance maker said costs would rise by about 1.2 billion Swedish crowns in the second-half due to higher prices for steel and other materials. Electrolux shares slumped 6.3 percent to 133.5 crowns by 0841 GMT. "We've had Electrolux warning on profits today, which ...

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