Nippon Steel & Sumitomo Metal Corporation Reports Consolidated and Non-Consolidated Production Results for the First Quarter of 2018; Provides Production Guidance for the Second Quarter and Third Quarter of Fiscal Year 2018; Provides Capital Expenditure and Depreciation Guidance for the Fiscal Year 2018
For the quarter, the company reported non-consolidated production of 9.90 million tons compared to 10.58 million tons for the last year.
For the fiscal year 2018, the company expects capital expenditure of approximately JPY 450.0 billion and depreciation of approximately JPY 350.0 billion.
For the second quarter of 2018, The company forecasts crude steel production of approximately 26.29 million tons.
For the third quarter of 2018, The company forecasts crude steel production of approximately 52.37 million tons.