06
Nov
10:09
Material costs drive Kobe Steel losses
Japan’s Kobe Steel Group (Kobelco) was pushed into losses in the first half of its financial 2019 (April-September 2019). Raw material costs ate into margins and overseas automotive markets were weak, Kallanish notes.
Consolidated net sales fell -1.44% year-on-year to JPY 944.4 billion ($8.7 billion), while operating income slumped by -68% to JPY 7.4 billion. Net attributable profits however fell to a JPY 6.2 billion loss from a JPY 33.3 billion profit a y…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous