8,643.88 TRY BIST 100 BIST 100
4.87 CNY CNY CNY
34.34 USD USD USD
37.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.07 TRY Interest Interest
75.11 USD Fossil Oil Fossil Oil
32.50 USD Silver Silver
4.45 USD Copper Copper
102.15 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,026.19 TRY Gold (gr) Gold (gr)

Kobelco reduced steel production

Japanese company Kobelco (Kobe Steel) reduced steel production by 1.2% in April-June.

Kobelco reduced steel production

The Japanese company Kobe Steel Ltd, known internationally under the brand "Kobelco," has released its report for the first quarter of the 2023. The report indicates that its net profit amounted to ¥26.26 billion ($183.73 million), compared to a net profit of ¥21.55 billion for the same quarter the previous year.

During the examined period, the company's crude steel production reached 1.57 million tons, experiencing a decrease of 1.2%, while the volumes of metal product sales were at 1.19 million tons, declining by 5.5%, both on a year-on-year basis.

It is anticipated that for the entire 2023-24 financial year, Kobe Steel's crude steel production will be around 6.1 million tons, whereas the company's sales volumes are expected to be approximately 4.9 million tons.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Malaysia initiates review of anti-dumping duties on stainless steel imports

Tuesday, November 5, 2024

China’s stainless steel exports increased by 33,7% in September

Tuesday, November 5, 2024

Kazakhstan government extends ban on scrap exports

Tuesday, November 5, 2024

Thyssenkrupp Steel Europe plans to renovate Duisburg plant

Tuesday, November 5, 2024

Türkiye's iron and steel export value was 7.8 billion USD in January-September period

Tuesday, November 5, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now