29
Oct
09:45
NSSMC profits slide on inventories and competition
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) recorded a slump in profits in April-September, or the first half of its fiscal year 2015. Although exports come with high profits, Japanese steelmakers have struggled to boost volumes sufficiently to compensate for weak domestic buying, Kallanish notes.
NSSMC recorded ordinary profit of JPY 129.85 billion ($1.08 billion) over the six months, down -26.4% year-on-year. Net sales over the …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous