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Metso says market situation largely unchanged

Wed Jun 17, 2009 3:06am EDT

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HELSINKI, June 17 (Reuters) - Finnish engineer Metso (MEO1V.HE) said on Wednesday it saw no reason to change its guidance for 2009.

Swedish specialty steel and tool maker Sandvik (SAND.ST) warned earlier that it would post an operating loss for the second quarter due to weaker demand and costs to scale back production capacity and inventories.

"The market situation is largely unchanged," Metso's Investor Relations head Johanna Henttonen told Reuters.

Metso shares trimmed some losses on the comments, and were off 2.9 percent at 13.58 euros at 0713 GMT.

(Reporting by Yegor Paanukoski, writing by Brett Young)

((brett.young@reuters.com; +358 9 6805 0242; Reuters Messaging: brett.young.reuters.com@reuters.net)) Keywords: METSO OUTLOOK/

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