05
Aug
07:16
Nippon Steel to raise second-fiscal-half-year production
Japanese steelmaker Nippon Steel reported a net loss of JPY 41.42 billion ($392.35 million) in the April-June quarter, the first quarter (FQ1) of its fiscal year 2020-2021 (FY20-21). This compares to a JPY 38.9 billion profit a year earlier, Kallanish notes.
Revenue was JPY 1.13 trillion, down by -25.7% year-on-year. This is mainly due to lower demand affected by the Covid-19 pandemic, as well as lower production. Steel production and sales were down -34.48% and -…
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Anonymous
Very good overview of the weekly steel market.
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