Copying and distributing are prohibited without permission of the publisher

Kobe Steel eases copper output cut to 40% for Q3

June 08, 2009 - 06:31 GMT Location: Tokyo

KEYWORDS: Japan , Kobe Steel , copper

Kobe Steel plans to ease its rolled copper output cut to just 40% year-on-year in the third quarter on improving exports and falling inventories.

The Japanese mill cut its rolled copper output to 80-90% or around 1,000 tpm in the first quarter as demand for copper fell sharply with the economic slowdown. The output cut has fallen to 50% with user...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Copper

May 23, 2012 17:06 CLOSE TO CLOSE: Base metals prices suffer further under euro uncertainty in LME kerb
May 23, 2012 16:30 PODCAST: A brief introduction to Kazakhstan’s mining industry
May 23, 2012 14:31 Euro strife drives base metals prices lower in LME officials
May 23, 2012 11:18 Shanghai copper prices down as Greece fear dominates sentiment
May 23, 2012 10:04 Copper prices give up gains on renewed Greek fears in LME pre-market

Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.