Japan steel firms warn of loss

Article Abstract:

Three major Japanese steel makers, Kobe Steel Ltd., NKK Corp., and Sumitomo Metal Industries Ltd., announced that they are expecting to post higher-than-predicted losses for the current fiscal year. The statements follow an announcement by Nippon Steel Corp. and Kawasaki Steel Corp. that they will be reducing their earnings predictions. Analysts believe that Japan's steel industry will continue to struggle as a result of an expected continuation of the decline in sales volume for the next fiscal year.

Comment:

Three major steel makers expecting to post higher-than-predicted losses for the current fiscal year

Japan, Forecasts, trends, outlooks, Abstract, Kobe Steel Ltd., NKK Corp.

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LTV to reduce mining operations to cut expenses

Article Abstract:

LTV Steel Co. is planning to terminate the majority of its mining businesses in attempt to lower expenditures. This will lead to the downsizing of 14% of the company's labor force, or 1,400 jobs.

Financial management, LTV Steel Company Inc.

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LTV loss widened in fourth quarter, financing secured

Article Abstract:

LTV Steel Corp. posted a $351 million (376 million euros) loss for the 2000 fourth-quarter. This represented a more than fivefold increase in losses from the same period in 1999.

LTV Steel Corp.

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