11
May
15:33
Kobe Steel falls into loss
Japan’s Kobe Steel fell into losses in the financial year ending March 2020. The company says all its global plants are operating save one, Kallanish notes.
In the 12 months to March, Kobe Steel produced 6.5 million tonnes of crude steel, down from 6.91mt the previous year. Steel sales also fell from 5.62mt to 5.3mt, with almost all the decline from the domestic market. Average sales prices however improved slightly to JPY 86,900/t ($818/t) from JPY 86,100/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous