09
Feb
09:34
Kobe Steel reports falling profits despite higher revenue
Japan’s Kobe Steel reported falling profits for the first nine months of fiscal year 2022 (FY22) ending on 31 March 2023, despite revenue growing over the same period, Kallanish notes. Expectations for annual revenue and profit thus have also diverged.
Between April and December last year, Kobe Steel produced 4.68 million tonnes of crude steel, down 6.2% year-on-year. Sales meanwhile were down 6.3% at 3.75mt due to a decrease in automobile production, while …
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Anonymous
Very good overview of the weekly steel market.
Anonymous