Coronavirus forces steelmaker Voestalpine to warn of operating loss
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VIENNA (Reuters) - Austrian specialty steelmaker Voestalpine said on Tuesday it will not meet earnings targets for its recently ended business year because of the coronavirus pandemic, trimming its outlook for core profit and forecasting an operating loss.The Linz-based firm, which supplies the auto, aerospace and energy industries, said it had been forced to write down the value of assets and goodwill because of the pandemic, which had hurt its earnings before interest and tax (EBIT). But the..