29
Jan
00:00
NSSMC profits hit by Brazilian pipe subsidiary
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) recorded a 20.3% year-on-year fall in net profit over the October-December quarter 2014 to Yen 153.59 billion ($1.3bn). It also lowered its profit forecast for the financial year ending March 2015 after booking losses at a pipemaking joint venture in Brazil. NSSMC has reduced the book value of its investment in Vallourec & Sumitomo Tubos do Brasil (VSM) after falling oil prices hit its core mar…
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