Kobe Steel To Cut Spending After Booking Annual Loss

- May 12, 2020-

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.

Product details
Products Infomation
Product Name
Cold/Hot Rolled Steel Pipe And Tube
Wall Thickness
Outer diameter
Wall Thickness:±0.05MM Length:±6mm Outer Diameter:±0.3MM
Round, Square, Rectangle, Oval, Deformed
Q195-Q345, 10#-45#,195-Q345, Gr.B-Gr.50, DIN-S235JR, JIS-SS400, JIS-SPHC, BS-040A10
Cold Rolled, Hot Rolled, ERW
Surface treatment
Black annealing, bright annealing, None annealing
Payment terms
30% T/T deposit in advance, 70% T/T balance within 5 days after B/L copy, 100% Irrevocable L/C at sight, 100% Irrevocable L/C
after receive B/L 30-120 days, O/A
Delivery times
Delivered within 30 days after receipt of deposit
1. Packed with 8 bundles tightened with metal belt and plastic wrapped if need
2. According to customer’s requirement
Widely used in furniture,interior decoration, fluid pipeline, petroleum and natural gas industry, drilling, pipeline, structure
Our Factory
Packing & Delivery
Our Certification
Customer Photos

1.Hi,You are trading company or factory?
No, we have our own factory.
2.What's the capacity of your mill?
We own 6 production lines for carbon steel sheet, carbon steel pipe with the capacity of 20000MT per year.

4. Can I have your samples before order?
Yes, if need we can send you carbon steel pipe samples for your reference. And we are confident you will like it.

5.Which country have you exported to?
We export to around 30 countries

6.What payment terms can you accept?
T/T and L/C at sight. 30% T/T for deposit(sent deposit within THREE working days after received P/I,or recheck the new price), 70% balance payment against the copy of bill of loading within 7 working days.