06
Feb
11:23
Automotive slump hits Kobe Steel sales
Japan’s Kobe Steel says its steel sales fell year-on-year in the December quarter due to weak international automotive markets. It now expects to incur greater net losses in the financial year ending March 2020, Kallanish notes.
In the financial year it now expects crude steel production of 6.6 million tonnes, down from the previous forecast of 6.8mt and actual output of 6.91mt the previous financial year. Similarly, it expects sales of 5.3mt of finished ste…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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