10
May
06:10
Kobe's steel production, profit drops in fiscal 2023
Kobe Steel’s steel production slid in the fiscal year through March 2024 (FY2023), as did steel segment profit. But consolidated profit surged on-year, driven by gains in the electric power segment, Kallanish notes.
Crude steel output and sales in FY2023 reached 5.97 million tonnes and 4.69mt respectively, down 3.6% and 5.8% on-year. Sales declined due to the refurbishment of a plate rolling mill. The company saw reduced overseas steel sales, exporting …
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Anonymous
Very good overview of the weekly steel market.
Anonymous