3 October 2015. Kobe Steel, Japan's leading steelmaker, is being hit hard by the economic slowdown in China. The company said Monday that its group pretax profit will decline 36% to 65 billion yen ($537 million) in the current fiscal year ending March 2016, down 30 billion yen from its initial projection.

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http://asia.nikkei.com/Business/Companies/Kobe-Steel-takes-major-hit-amid-sagging-demand

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