Japan: Tokyo Steel posts increased profits on higher crude steel output

Japanese steel major, Tokyo Steel Manufacturing Co. Ltd. has announced its non-consolidated financial results for Q2 CY’21 today.

• The company’s quarterly net profit is at JPY 3.7 billion, up 16% on yearly basis.
• Crude steel production rose by 41% y-o-y to 0.76 mn t.
• The company’s steel sales increased by 12% y-o-y to 0.633 mn t.