03
Nov
09:19
Japan Steel Works boosts earning forecast
Japan Steel Works has bucked the trend of larger Japanese steelmakers and increased its pre-tax profit forecast for the financial year ending March 2016. Its net profit is unchanged on extraordinary losses from scrapping old equipment but the company has been protected by its strong market niche, Kallanish notes.
The steelmaker expects an 11% year-on-year increase in pre-tax profits to JPY 11 billion ($91 million), JPY 500m higher than it had previously expected…
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Anonymous
Very good overview of the weekly steel market.
Anonymous