25
Oct
12:29
Kobe Steel gets inspected, questioned, doubted amid scandal
Japan’s Kobe Steel continues to be plagued by its recent revelation that it had been cheating quality tests on its products for years. The Japanese government has now told watchdogs to consider inspections of all Kobe Steel plants, while the company itself now faces questions over its debt burden, Kallanish notes.
Kobe Steel had $7.01 billion in debts at the end of the financial year last March, but it also had close to $3.3 billion in cash, credit and sho…
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Anonymous
Very good overview of the weekly steel market.
Anonymous