25
Oct
10:50
Cheaper scrap boosts Tokyo Steel's Q3 profit
Japanese electric arc furnace steelmaker Tokyo Steel's operating income in the September quarter of this year was the highest quarterly operating income since 2006, it says. Meanwhile net profit in July-September was the highest since 2005.
According to the company's data, the operating profits during the reporting period were JPY 20.64 billion ($138.6 million), a year-on-year increase of 87.4%. Meanwhile, net profit jumped by 79% to JPY 18.66 bi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous