05
Aug
14:01
Kobe Steel turns to profit in June quarter
Japanese steel producer Kobe Steel turned to profit in the June quarter, with rising steel sales driving an increase in revenue in the period.
Kobe Steel reported an operating profit of JPY 24.8 billion ($226.31 million) during the quarter through June, compared with an operating loss of JPY 19.8 billion in the same quarter last year, Kallanish notes. Net profit was JPY 18.9 billion versus a net loss of JPY 13.1 billion last year.
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Anonymous
Very good overview of the weekly steel market.
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