28
Apr
12:12
NSSMC profits slide in FY2015
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) saw revenues and profits slide in the financial year ending March 2016. This was due to falling steel prices, intense export competition and inventory devaluations, according to its preliminary results. The company could see a better start to the new financial year however, Kallanish notes.
On a consolidated basis the company reported an ordinary profit of JPY 200.93 billion ($1.81 billion) in the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous