03
Feb
11:44
Nippon raises production, forecasts strong earnings growth
Nippon Steel forecasts revenue of JPY 6.6 trillion ($57.5 billion) in the fiscal year through March 2022 (FY21), which would be up 37% on-year, while business profit is projected at JPY 800 billion, which would be up 627%. Non-consolidated crude steel output and steel shipments are forecast at 38.8 million tonnes and 35.6mt respectively, up 6% and 4%.
Nippon forecasts Japanese steel demand to reach 55.7mt in FY21, up 5% on-year. However, this is down from its prev…
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Anonymous
Very good overview of the weekly steel market.
Anonymous