22
Apr
08:19
Kyoei Steel revises performance forecast
Japanese steel producer Kyoei Steel has updated its performance forecast for fiscal year 2023/24 (1 April 2023 to 31 March 2024) on Friday and announced a notice of impairment losses.
Kyoei Steel raised its operating profit forecast for FY23/24 by 5% to JPY 21 billion ($135 million) and increased its ordinary profit forecast by 10.5% to JPY 21 billion in the reporting period. This is due to the increase in domestic steel product shipping prices, which led to …
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Anonymous
Very good overview of the weekly steel market.
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