11
Aug
10:04
Sumitomo holds positive outlook on strong Q2 results
Japan-listed Sumitomo Metal Mining reports a net sales income of JPY 294 billion ($2.65 billion) in the second quarter of 2021, the first quarter of the company’s financial year 2021 (FY21), Kallanish notes from its consolidated financial results.
The company's sales increased 54.2% year-on-year, and Sumitomo achieved a profit of JPY 46 billion in Q2, compared to a JPY 236 million loss in the corresponding period last year.
The firm's nickel produc…
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Very good overview of the weekly steel market.
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