03
Aug
11:09
Japanese steel sector profits gain despite Kobe’s loss
Many Japanese steel firms have posted strong results for the first quarter of the financial year starting April 2018. Kobe Steel however saw its profits halve amid its ongoing scandal, Kallanish notes.
While Nippon Steel saw operating profits squeezed (see Kallanish 3 August), JFE Steel and trading house Mitsui & Co. saw their April-quarter profits grow. JFE saw ordinary profit jump 41.4% to JPY 79.56 billion ($), in part due to lower interest and retirement…
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Anonymous
Very good overview of the weekly steel market.
Anonymous