29
Jul
01:00
NSSMC sees profits, sales fall in first quarter
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) has seen sales and operating profits fall in the first quarter of its financial year (April-June). The news comes as Japanese steelmakers struggle with domestic demand and are reliant on export opportunities, Kallanish notes.
NSSMC expects to report operating profit of JPY 84.42 billion ($682m) over April-June, down -12.1% year-on-year, according to its un-audited financial results. Net sales …
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Anonymous
Very good overview of the weekly steel market.
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