Maruichi Steel Tube posts 7.4pct YoY lower recurring profit for 9M 2011

Maruichi Steel Tube announced that the firm posted 6.1% YoY lower consolidated operating profit and 7.4% YoY lower recurring profit for nine months of April to December 2011. The nine month net profit halved from the same period of fiscal 2010 mainly due to evaluation loss of securities at JPY

Full "Steel Guru" article