10
May
16:20
Nippon Steel narrows loss on cost reduction
Japanese steelmaker Nippon Steel has gradually recovered from the hit of Covid-19 and saw a reduction in losses in fiscal year 2020 (FY2020), which ended March 2021. The producer hopes to return to profit in the year ending March 2022, supported by cost cuts.
Nippon’s loss attributable to owners of the parent company totalled JPY 32.4 billion ($298 million) compared to a loss of JPY 431.5 billion a year before. This is due to the decrease in p…
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Anonymous
Very good overview of the weekly steel market.
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