09
Nov
06:54
Kobe Steel’s earnings surge in third quarter
In the third quarter of the year, or Q2 of Kobe Steel’s fiscal year 2023 (FY23), the company saw its earnings skyrocket alongside improving margins. This was despite turnover increasing only marginally on higher quarterly sales volumes.
Over April-September, Kobe Steel produced 3.09 million tonnes of crude steel, down just 1.9% year-on-year, Kallanish notes. This implies Q3 output at 1.52mt, 3.2% lower than Q2.
Meanwhile, the company registered sales of 2.4…
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Anonymous
Very good overview of the weekly steel market.
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