04
Aug
11:39
Nippon Steel earnings confidence lifts as profit grows
Nippon Steel returned to profit on a consolidated basis in the first fiscal quarter through June, compared to net losses in the same period last year.
The Japanese steelmaker reported quarterly production of 10.04 million tonnes of pig iron and 11.88mt of crude steel, up 32.8% and 43.1% on-year respectively. Production guidance for iron and steel in the first half of the fiscal year through March 2022 (FY21) are set at about 20.2mt and 23.5mt respectively.
F…
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Anonymous
Very good overview of the weekly steel market.
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