29
Sep
10:11
Kobe Steel halves earnings forecasts
Japan’s Kobe Steel has revised its earnings forecasts for the first half and full fiscal year 2015 (ending March 2016), Kallanish learns. It says it net income attributable to owners could be less than half of what it had previously expected on the back of weak Chinese construction machinery demand and trouble at its Kakogawa Works.
The steelmaker says it now expects consolidated attributable earnings of JPY 10 billion ($83 million) over April-Septemb…
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Anonymous
Very good overview of the weekly steel market.
Anonymous