Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Japan Steelmakers Cut Profit Forecasts
Jan 2, 2009
 Printable format
 Email this Article
 Search

Japan's Nippon Steel Corp. and JFE Holdings Inc. will likely cut their operating profit forecasts for this business year as demand from automakers and other customers plunges, according to a Nikkei business daily.

Both companies now face a decline of about 12% in group operating profit in the year to March compared to a year earlier, according to estimates in the Nikkei report.

Nippon Steel, the world's second-biggest steelmaker, will likely lower its estimate to about 480 billion yen (approx. US$5.3 billion), down from its previous forecast in October of 540 billion yen, the report said.

Meanwhile, JFE Holdings will likely cut its forecast to 450 billion yen from the previously estimated 490 billion yen, the report said.

Recently, world number-three steelmaker JFE Steel Co, a core steel unit of JFE Holdings, stepped up planned output cuts in the face of plunging demand and became the first Japanese player to shut a blast furnace.

Back to Daily News

 

Daily News

...........................................................

Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

Apr 23, 2014: CEA: Consumer Sentiment Down in April

Apr 22, 2014: Final Rule Establishes Refrigerator Testing

Apr 22, 2014: A Third of Homes Worldwide Could Have Networks by 2018

Apr 22, 2014: Appliance Category Industrial Output Up 2% in March

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows