Kobe Steel announces Q2 segment results

Source: Steel Guru - The sales volume of steel products (in terms of tonnes sold) increased in the first half of fiscal 2010 in comparison to the same period last year. Spurred by economic measures, demand was strong from domestic and overseas manufacturing industries. Sales prices were similar to the same period last year.

Sales of steel castings and forgings decreased in comparison to the same period last year, mainly due to low demand from the shipbuilding industry. On the other hand, sales of titanium products rose in comparison to the same period last year, as customers made progress in reducing their inventories.

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