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BUZZ-Vesuvius: Lacklustre results, difficult times ahead

Reuters - UK Focus

** Vesuvius (Other OTC: CKSNF - news) down c.2.4 pct & top loser on FTSE-350 General Industrials Index as company warns outlook for the steel industry remains tough

** Co, whose products are used by steel makers and foundries, does not expect overall growth in steel production before 2017

** Says starts restructuring program that will result in total charge of c.20 mln stg in 2015 and 2016; FY cost savings ahead of 10 mln stg expected in 2017

** Weakness in co's end markets keep Morgan Stanley (Xetra: 885836 - news) analysts cautious on stock

** YTD stock had fallen c.6 pct vs 15 pct gain in the general industrials index (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)