Amid a challenging economic environment, Finnish steel maker Rautaruukki Oyj ( HEL : RTRKS ) , or Ruukki , announced today a significant improvement in its financial performance, with its net loss shrinking to EUR 49 million ( USD 68.2 m ) for the first nine months of 2010 from EUR 229 million for the same period a year ago. This underscores the company's efforts to streamline operations and manage costs effectively, signaling a positive turnaround in their financial outlook.