In 2010, on 16th July, Finnish steel maker Rautaruukki Oyj HEL: RTRKS, also known as Ruukki, announced a notable turnaround in its financial performance. The company reported a substantial shift from a net loss of EUR94m in the corresponding period last year to a net profit of EUR20m in the second quarter of 2010. This positive transformation reflects an impressive recovery and signals a promising trajectory for Ruukki's financial well-being.