|  | 05/16/2008 |
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Japan Major Electric Furnaces Post Lower Profit for F2007
Fourteen electric furnace steel makers out of major 15 makers posted lower recurring profit for the year ending March 2008 from previous year while Yamato Kogyo posted higher profit. Nine of them posted more than 25% lower profit when they failed to cover higher cost for ferrous scrap and ferroalloy through the price hike. Some makers lost money for January-March. Many of them expect lower profit for the year ending March 2009.
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 | Japan Major Electric Furnaces Post Lower Profit for F2007
| | Japanese Steel Makers Increases Steel Product Price by about 30,000 y/t for Toyota
| | Kobe Steel Hikes Steel Bar, Wire Rod by Up to 35,000 yen/t
| | Strong Sheet Steel Price in Tokyo
| | Firm Ferrous Scrap Price in Tokyo
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