24
Sep
03:35
Japan's special steelmakers expect tough fiscal year
Five special steelmakers in Japan have announced their April-June operating results recently. Although their combined net profits rose by 6% year-on-year to JPY 12.54 billion ($116.5 million), most steelmakers however saw profits fall, Kallanish notes.
Sanyo Steel saw net profits decrease by -55% y-o-y to JPY 1.79 billion. Mitsubishi Steel and Koshuha Company meanwhile saw profits turn to losses of JPY 200m and JPY 309m respectively…
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Anonymous
Very good overview of the weekly steel market.
Anonymous