Kobe Steel Ltd.. Japan's No.3 steelmaker, said on Monday it will cut capital expenditure by a third after oneoff charges and weaker demand in steel and aluminum even before the COVID-19 pandemic pushed it to an annual lossThe sfeelmaker renorted a 68 0 billion ven ($634 million) net loss for the vear to the end of March against a profit of 35.9 billion ven a vear earlier, as a special loss of 65 billion yen. includino impairment losses on its aluminum and titanium assets. ate into earninosKobe Steel didn't give quidance for the current year, saying it was difficult to estimate the impact of the COVID-19 crisis, but Yoshihiko Katsukawa, senior managing executive officer, said the company would cut annual capital exnenditure to 160 billion ven this vear from 240 billion ven in the vear just endedKobe Steel's run rate at its steel plants is down about 20-30% frpm a vear earlier. Katsukawa said. "We have no plan to suspend our blast fumnaces for now. but we can't rule out such a possibility dependina on future demand." Katsukawa said.