28
Apr
01:00
NSSMC sees profits hit by revaluations
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) saw its net profits fall -11.7% year-on-year to JPY 214.29 billion ($1.8 billion) in the financial year ended 31 March 2015, according to its latest earnings announcement. Ordinary profit surged 25% y-o-y however on reduced costs and the weak yen, it adds.
Ordinary profits of JPY 451.7 billion came on the back of a 1.7% increase in net sales to JPY 5.61 trillion and lower costs. Crude steel pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous