27
Apr
08:34
Osaka Steel hikes earnings forecasts
Japan’s Osaka Steel, a subsidiary of Nippon Steel and Sumitomo Metal Corporation (NSSMC), saw net profits fall sharply in the financial year ended March 2017. It has revised upwards its forecast for the current year however on stronger prices and its new Indonesian subsidiary, Kallanish notes.
In financial 2017, Osaka Steel saw net profit attributable to shareholders slump -73.2% to JPY 2.77 billion ($24.87m), even though operating revenues increased 13.6%…
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Anonymous
Very good overview of the weekly steel market.
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