Kobe Steel Ltd

Profit target for Kobelco down 58% as China's economy slows down

Feeling the heat over the China's economy slowing down, Kobe Steel Ltd has reduced its profit target by 58 percent for its construction machinery unit Kobelco Construction Machinery.

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Brazil's CSN, partners see new venture done by end-2015

Cia Siderurgica Nacional SA, Brazil's largest diversified steelmaker, and a group of Asian partners agreed on Friday to move forward with a merger of their mining and logistics assets that would be completed next year.

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