30
Apr
01:00
Kobe Steel predicts weaker 2015 after yen-boost in 2014
Japan’s Kobe Steel saw its net profits jump 23.3% to JPY 86.55 billion ($7.3 billion) in the financial year ending 31 March 2015. This was after the devalued yen helped it earn more from exports while raw material prices plummeted. However, it forecasts a -30.7% drop in net profit to JPY 60 billion in the current financial year. This is due to the fact that Asian markets remain oversupplied and Japanese demand will have a weak start to the year, Kallanish not…
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Anonymous
Very good overview of the weekly steel market.
Anonymous